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Trump Signals Joint US-Iran Control of Strait of Hormuz Amid Oil Crisis

By bitcoin.com
Mar 24, 2026
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U.S. President Donald Trump signaled the Strait of Hormuz could reopen under potential joint control with Iran as he delayed planned strikes, easing immediate pressure on global energy markets.

Strait of Hormuz Update: Trump Delays Strikes, Suggests Shared Control

The president also confirmed a five-day delay on planned U.S. strikes targeting Iranian power plants and energy infrastructure, extending an earlier 48-hour ultimatum. The pause, expected to run through roughly March 27–28, is intended to allow negotiations to continue.

The Strait of Hormuz sits between Iran and Oman, linking the Persian Gulf to global markets. At its narrowest point, the waterway spans about 21 miles, with shipping lanes tighter still. Under normal conditions, it carries roughly 20 million barrels per day, or about one-fifth of global petroleum consumption, alongside a sizable portion of global LNG trade.

Military analysts note that reopening the strait would be difficult even with U.S. naval strength, pointing to Iran’s asymmetric capabilities, including mines, drones, and missile systems. Any attempt at direct control could carry broader escalation risks across the region.

FAQ Why is the Strait of Hormuz important? It carries about 20% of global oil supply, making it one of the most critical energy routes. What did Trump propose regarding the strait? He suggested it could be jointly controlled by the U.S. and Iran as part of ongoing discussions. Why were U.S. strikes delayed? The delay allows time for negotiations aimed at easing tensions and reopening the waterway. How have markets responded to the developments? Oil prices pulled back and equities stabilized after the strike delay reduced immediate escalation concerns.
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