Hormuz traffic has hit record levels: Trump

Washington, July 3:

President Donald Trump said that shipping through the Strait of Hormuz had reached record levels and predicted further declines in oil prices, offering an upbeat assessment of the situation with Iran during a speech in North Dakota.

“Those boats are coming out of the Hormuz Strait. They’re coming out by numbers that nobody ever saw. We’re setting records actually,” Trump said while dedicating the Theodore Roosevelt Presidential Library in Medora on Wednesday (local time).

“The oil is dropping,” he said. “I don’t give a damn if they’re happy or sad, I want the prices to go down. And the oil is dropping like nobody thought possible. But I told you it would. Total control, we have total control of everything.”

Trump also briefly referred to Iran while discussing US foreign policy.
The remarks came as Trump shifted repeatedly between commemorating Theodore Roosevelt and discussing his administration’s domestic and foreign policy agenda. He linked lower energy prices to what he described as a broader economic revival.

“This is just the beginning of the Golden Age of America,” Trump said. “America is going to experience something that I can truly say, I believe the best is yet to come.”