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Trump Claims Hormuz Control, Iran Negotiator Resigns, Oil Jumps

4/24/2026

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Story summary
  • U.S. President Donald Trump said United States controls the Strait of Hormuz, requiring all vessels to obtain U.S. Navy permission.
  • Iranian parliament speaker Mohammad Bagher Ghalibaf resigned as Tehran’s U.S. negotiator, citing Revolutionary Guard interference, after Iran detained two cargo ships on Wednesday.
  • Brent crude rose nearly 3% to $104.79 and WTI to $95.95 as tanker traffic through the strait stayed low under U.S. and Iranian blockades.