• Trump claims the US can reopen the Strait of Hormuz and seize oil with more time.
• Strait of Hormuz is crucial as it transports about 20% of the world's oil supply.
• The ongoing conflict has seen increasing violence and economic instability in the region.
• Iran has retaliated by shutting down the strait and attacking regional infrastructure.
• Trump's claims aim to rally support amid growing uncertainty over US strategies.

President Donald Trump announced on Friday that the US can "easily OPEN THE HORMUZ STRAIT, TAKE THE OIL, & MAKE A FORTUNE" if given a little more time. He characterized the potential reopening as a "gusher" for the world, amidst rising geopolitical tensions due to the ongoing war with Iran, which has entered its fifth week following US-Israeli airstrikes on February 28, resulting in significant casualties and chaos across the region, according to SCMP and AA.

Trump's assertion reflects the urgency among global governments to reopen the Strait, a crucial shipping lane that facilitates about 20% of the world's oil supplies, which has been affected by Iranian retaliation against US-Israeli actions. Trump reiterated his administration's strategy of targeting Iran's civilian infrastructure while offering no clear resolution timeline, a stance that has heightened tensions and led to vows of retaliation from Iranian officials, as reported by India Times and AA.

In response to escalating tensions, Iran has effectively shut down the Strait of Hormuz, which remains a priority for global energy security as oil prices soar. Trump's remarks come as part of a broader narrative to solidify support domestically while dealing with international pushback from allies who have hesitated to fully engage militarily in the conflict, aligning with the reports from SCMP and India Times.