Trump’s Trying to Reopen the Strait of Hormuz But It’s Not Helping Gas Prices

Trump just sent the Navy back into the Strait of Hormuz and Iran's already firing at him.But this morning, the Iranian Navy claims that it fired warning shots, including missiles, rockets, and combat drones near US destroyers in the Strait.And while the US says that no ships were hit.Iranian commanders say that any American ship that enters the strait will be, quote, targeted and attacked.And what triggered all this is that Trump just launched what he's calling Project Freedom.It's a U .

S.Navy operation to guide commercial ships through the Strait of Hormuz, which Iran effectively closed since February.And CENTCOM's put in 15 ,000 service members, guided missile destroyers, and over 100 aircraft into this operation, with actually two U .S.merchant ships becoming the first to cross this morning.Though the Navy, while they're not directly escorting them, they'll be, quote, in the vicinity in case Iran attacks.

Though Iran's parliament's calling this a clear violation of the ceasefire.And today you also had Iran firing drones at a UAE oil tanker, and the UAE issued a missile threat alert across multiple Emirates.And in the meantime, none of this has done anything for prices.Brent crude's at $114, the US gas averages hit a record $4 .45, six states are above $5, and California crossed $6 a barrel.