President Donald Trump announced the United States will begin guiding stranded ships through the Strait of Hormuz. This move comes as tensions remain high in the critical shipping lane.
The announcement follows reports of a tanker being struck by projectiles in the Strait. The region is experiencing heightened instability amidst a broader Middle East crisis, though Asian stocks saw gains and oil prices remained stable.
President Trump indicated that the U.S. Navy will commence escorting vessels out of the Strait of Hormuz starting Monday. This is a developing story and will be updated as details emerge.
