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6:21Now PlayingDonald Trump looks like a fool as he tries to spin Iran's recent attack on a US cargo ship, proving Trump's lies over controlling the Strait of Hormuz and having negotiating power. John Iadarola and Brett Erlich break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Iran Strikes Ship in Strait of Hormuz, Undermining Efforts to Restore Traffic
"Iran’s armed forces struck a container ship that was passing through the Strait of Hormuz on Thursday, according to U.S. and Iranian officials, undermining efforts to restore shipping traffic through the crucial waterway.
The attack came hours after Iran, demonstrating its hold over the strait, had warned ships that the only route through the vital pathway for oil and natural gas was through its waters. Many ships had been using a route on the southern side of the strait, hugging the Omani coast.
The strike halted traffic through the crucial waterway, contradicting President Trump’s claim that Iran did not control the strait and his assurances that it was open once again to shipping. Oil prices jumped after the attack, with the cost of Brent crude, the global benchmark for oil, rising over 2 percent to about $75 a barrel. West Texas Intermediate crude, the U.S. benchmark, also rose over 2 percent, to around $72 a barrel."
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