Trump Threatens Iran Energy Assets Over Hormuz Strait Closure

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Published: 2 hours ago

Former Bush adviser Michael Allen says Iranian hardliners remain in control, complicating potential deals. Trump threatened to destroy Iranian oil wells and power plants if the Strait of Hormuz isn't reopened, with US troops deployed to the region. Oil supply disruption fears could strengthen USD as a safe haven while pressuring oil-importing currencies. The Strait of Hormuz handles significant global oil transit, making energy price volatility likely.

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