Trump Calls on Allies to Seize Hormuz as War Frustration Mounts

Dr. Lindsay Newman, Geopolitical Risk Expert at GZero Media & Visiting Research Fellow at King's College, discusses potential off-ramps for the Iran war as President Trump calls on allies to help seize control of the Strait of Hormuz. US President Donald Trump called on other nations to help wrest control of the Strait of Hormuz as Iran maintained missile fire across the Persian Gulf, with one strike hitting a fully laden oil tanker.   Countries that can’t get oil supplies due to the effective closure of the waterway should “go to the Strait and just TAKE IT,” Trump said in social-media post on Tuesday. The US “won’t be there to help you anymore,” he added, the latest sign of his willingness to withdraw from the conflict sooner rather than later.    His comments came after Iran attacked the Al-Salmi, a large Kuwaiti crude carrier off the coast of Dubai, one of the most significant assaults on shipping since the US and Israel began bombarding the Islamic Republic more than a month ago. Tehran also fired missiles at the United Arab Emirates, including Dubai, as well as Saudi Arabia and Iraq.     The US-Israeli alliance continued to strike Iran, with little sign of an imminent breakthrough in diplomatic efforts to end the conflict.  Despite the ongoing hostilities, oil prices were steady, with US benchmark WTI crude trading at about a $104 a barrel. That was partly because of an earlier report in the Wall Street Journal saying Trump is keen to wind down military operations and pressure Tehran diplomatically into reopening the Strait of Hormuz. Trump isn’t planning to pull military assets away from Hormuz yet, CBS reported, citing an interview with the president.  Defense Secretary Pete Hegseth said that talks to end the war with Iran are “gaining strength” and the US military would maintain pressure to compel Tehran to make a deal. A “regime change has occurred” in Iran, he added, without saying who the US is negotiating with.   China and Pakistan issued a five-point initiative aimed at restoring peace, starting with an immediate ceasefire. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X:   / bloombergradio   Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts:    / bloombergpodcasts   Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake