President Trump is pushing oil tanker crews to “show some guts” and sail through the Strait of Hormuz.
“These ships should go through the Strait of Hormuz and show some guts, there’s nothing to be afraid of. … They have no Navy, we sunk all their ships,” Trump said, according to Fox News’s Brian Kilmeade, who recounted the president’s remarks during an interview.
Kilmeade also said on “Fox & Friends” in comments highlighted by Mediaite that Trump told him “there is risk in the region, the region is volatile, their launchers, there’s just about 150 left, that’s just about 20 percent of totals, they can’t regenerate, they can’t make any more.”
On Monday, oil prices went above $100 per barrel amid the U.S. and Israel’s conflict with Iran. Brent crude went up by 25 percent, then fell to $96.94 per barrel. U.S. West Texas Intermediate rose by 28.3 percent.
Stocks also sank Monday, with the Dow Jones Industrial Average dropping by 500 points following the opening bell. The S&P 500 index opened with a 0.9 percent dip, and the Nasdaq composite went down by 0.7 percent after the opening bell.
