President Donald Trump on Friday said he now considers the Strait of Hormuz, which is bordered by Iran and Oman, to be "an American territory."

President Donald Trump said he has presided over “the essential denuclearization of Iran.” But Iran likely still has materials and machinery that can be used to make nuclear weapons, undercutting Trump’s claim.

President Donald Trump is betting new sanctions, a naval blockade and ramped-up economic pressure against Iran’s trading partners can accomplish what thousands of bombs and missiles could not: force Tehran to accept a deal to end the war on US terms.

Iran is reportedly planning to strike the US military in Europe after Donald Trump‘s post about the Strait of Hormuz. This follows Trump’s statement that there will be no extension of the 60-day

More: Analysts believe recent spending trends are reflecting consumer caution as inflation has been persistent and the war with Iran has sent fuel prices surging. A new aircraft carrier arrived to replace the USS Abraham Lincoln. Trump hosted crypto executives in a push for an industry-backed bill.

It comes after a 60-day ceasefire expired on Monday, with no sign of a diplomatic or military off-ramp to the conflict.

Trump has accelerated the damage of an economic crisis that predates the war, fueled by sanctions, corruption, currency depreciation, energy shortages, and policy failures dating back years. This is not yet a strategic victory for Washington.

Day” aimed at isolating Iran from global trade, Tehran dismissed the threat as a distraction from America's own economic woes. Iranian officials pointed to the $40 trillion U.S. national debt.