Trump declares complete control

US President Donald Trump declared that the US now has complete control over the Hormuz Strait. He noted that Washington is not seeking to extend the memorandum of understanding (MOU) signed with Iran. Trump also emphasized that millions of barrels of oil are being released into the market weekly, contributing to the decline in oil prices. "The strait is open, and oil prices are falling and will continue to fall unless we decide to take much more drastic steps than what we are doing now," he said.