Trump Says Oil Flowing Through Strait of Hormuz

The operative signal here is that the world's most critical oil chokepoint is still functioning, which matters far more for energy and freight markets than the political framing around it. Trump's demand that non-participating countries compensate Washington introduces a new, unresolved variable into postwar alliance economics, with implications for how Gulf states and European governments weigh their exposure to US security guarantees. Whether that compensation claim hardens into actual policy, or remains rhetorical, is the open question.