Story perspectives
Trump Calls NATO 'Useless' Amid Strait of Hormuz Reopening
4/17/2026
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Story summary
- U.S. President Donald Trump criticized NATO as 'useless' after the Strait of Hormuz reopened, a key route for global oil.
- He said the U.S. naval blockade would remain until a deal with Iran is finalized.
- Iran announced the Strait of Hormuz was open after Israel and Lebanon's ceasefire.
- Crude prices fell about 10 percent.
- The United States considers releasing frozen Iranian funds in exchange for surrender of uranium.
