Trump: U.S. doesn't need an Iran deal, claims Strait of Hormuz control as oil prices split
Oil prices pulled in different directions after President Donald Trump said the U.S. no longer needs a deal with Iran. He also claimed control of the Strait of Hormuz, the flashpoint waterway that has kept crude traders on edge. Cointelegraph flagged the remark as a latest development.
- 2 sources report it: X account @Cointelegraph, benzinga.com.
- The source published it on Nov 12, 2026 at 5:10 PM.
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Oil prices were mixed after President Donald Trump said the U.S. no longer needs an Iran deal, according to Cointelegraph. In the same remark, Trump claimed control of the Strait of Hormuz.
Cointelegraph flagged the statement as a latest development, with crude benchmarks failing to settle on a single direction in the wake of the comment.
TopicsDonald Trump · Iran · Strait of Hormuz · United States · Cointelegraph
Written by Paparazzi with AI. Not financial advice.
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