U.S. President Donald Trump declared on Sunday that Iranians are seeking an agreement to promptly reopen navigation, citing heavy losses. Trump affirmed his refusal of any current deal, predicting oil prices would significantly drop immediately following Iran's surrender. In remarks to
reporters, Trump highlighted "tremendous victories," asserting full control over the Strait of Hormuz, through which vast oil quantities flow. He noted 29 oil tankers transited the Strait last night. Trump anticipated oil prices would decline upon Iran's capitulation and the conclusion
of what he termed "the imminent war," adding that food prices have seen a substantial decrease compared to former President Joe Biden's administration.
