Trump presses for 'Trump Strait' plan for Hormuz

US President Donald Trump proposed renaming the Strait of Hormuz as the "Trump Strait," asserting that Iran's leadership would likely approve the change. At the Republican Party's midterm convention in Dallas, Trump stated that the US had won the ongoing war with Iran and connected the conflict to oil prices and the strategic waterway that facilitates a large portion of global energy supplies.

The president also assured that Washington would not permit Tehran to obtain a nuclear weapon. Following increased construction activity at Iran's suspected nuclear-related site, Pickaxe Mountain, Trump indicated that the US might consider targeting the location should any activity resume. The president emphasized the US's energy production capabilities, claiming that the nation now produces more oil and gas than Russia and Saudi Arabia combined.

Trump also announced a significant oil deal with Venezuela, touting it as "the biggest oil deal in the history of our country" and boasting access to 65 billion barrels.