According to CoinMeta, on his way back to Ohio, Trump stated that the United States has complete control over the Strait of Hormuz, a statement that stands in sharp contrast to the shipping attacks of the past few weeks. Senior Iranian security officials reiterated that the Strait of Hormuz will remain closed until Washington meets their conditions. Although Trump's remarks convey a rare sense of confidence, the market may see them as an attempt at verbally intervening to lower oil prices, rather than a literal description of current control. Analysts believe that Trump's comments are unlikely to have a lasting impact on the market, as shipping data and comments from mediators from Qatar and Pakistan have a greater influence on pricing.