Washington“We own it,” Trump said of the Strait of Hormuz.
No state can lawfully claim a strait bordered by Iran and Oman, where transit passage is a protected right.
A naval blockade converts that right into a permission, repricing oil and freight through war-risk insurance regardless of a court ruling.
A 60-day memorandum of understanding expires August 17 with no revived talks reported.
Sources: The New Arab