Iran calls Trump's plan to turn Strait of Hormuz into U.S. territory "delusions"

Iran has responded to President Trump's recent remarks about declaring the Strait of Hormuz a territory of the United States, labeling the plan as "delusions" (CBS News). This statement comes amid heightened tensions in the region, particularly concerning the strategic waterway that is crucial for global oil shipments. Trump made his comments during a speech in New York, suggesting a bold assertion of U.S. control over the strait (Euronews). In the context of these tensions, there has been a notable pause in military strikes between the United States and Iran. This pause, which marks the first time in two weeks without reports of U.S. strikes on Iran, follows a period of 13 days of military action (CBS News, Financial Times). The U.S. Ambassador to the United Nations indicated that this cessation of hostilities was intended to provide "space" for diplomatic talks, aligning with ongoing negotiations led by Oman regarding the management of the Strait of Hormuz (Financial Times). Iran has reportedly halted its retaliatory strikes in response to U.S. attacks, with discussions about control of the Strait of Hormuz said to be at an advanced stage (The Hindu). The pause in hostilities has led to a decline in oil prices, which have reached a one-week low, as investors reacted positively to the potential for a ceasefire and the resumption of diplomatic discussions (BBC, France24). Despite this relative calm, underlying supply tensions in the region continue to affect the market, indicating that the situation remains fluid and complex (Reuters).