Trump claims U.S. has "total control" of the Strait of Hormuz, calls naval blockade a "wall of steel": Reuters

Reuters-reported comments that the U.S. has "total control" over the Strait of Hormuz and is enforcing a naval blockade heighten attention on a critical energy chokepoint. Even without confirmed disruption, the rhetoric increases perceived geopolitical risk around Gulf crude flows, potentially lifting near-term risk premia and volatility across oil benchmarks, energy equities, and broader risk assets sensitive to inflation and supply-chain shocks.