- Trump urged Americans to accept slightly higher gas prices as the “cost” of preventing Iran from getting a nuclear weapon, saying he wouldn’t apologize for taking tough action.
- He said he would “soon” declare the Strait of Hormuz U.S. territory, escalating rhetoric over a waterway that carries roughly 20% of global oil and LNG shipments.
- Oil prices jumped (Brent near $90/barrel) and U.S. gas is around $4/gal, a political headache ahead of the November midterms.
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