The turmoil in the strait, which a fifth of the world’s oil passed through before the war, has been a sticking point for weeks in talks between the U.S. and Iran to end the conflict.
“We have Iran very much under control,” Trump said. “We’re either going to make a deal or they’re going to be decimated. One way or the other, we win.”
Trump has demanded a major rollback of Iran's nuclear activities, while Iran is pushing for a more limited agreement that would reopen the strait and lift the blockade ahead of further negotiations.
Dhahran, Saudi Arabia-based Aramco said it successfully shifted some oil exports to a pipeline to avoid the Strait of Hormuz, which has been disrupted by the war.
