Trump says he will 'soon' declare Strait of Hormuz a US territory

President Donald Trump has announced plans to declare the Strait of Hormuz as United States territory following the perceived defeat of Iran. This move comes as negotiations stall and the U.S. seeks to neutralize Tehran's use of the strategic waterway as leverage. Currently shared by Oman and Iran, the strait is critical for global energy, transporting roughly 20% of the world's oil and gas.