An explosion occurred in Iran's Abbas Port, with the air defense system being activated within minutes

WASHINGTON, D.C. – May 28 (local Wednesday) – U.S. President Donald Trump commented Wednesday on a report suggesting Iran and Oman are jointly taking control of the Strait of Hormuz, dismissing any such arrangement and threatening military action against Oman if it moves forward. The Iranian government has proposed collaborating with Omani authorities to regulate and standardize maritime traffic in the strategic waterway between the two nations. Part of the plan includes establishing a joint fee system for maritime transit, a proposal the United States has rejected outright. Speaking to reporters after a Wednesday cabinet meeting, Trump stated emphatically: “No one can control the strait. The strait will be open to everyone.” He added that the U.S. will “closely monitor the situation” regarding the region. Trump also addressed Oman directly: “Oman will behave itself and act like other countries. Otherwise, we will have to bomb them.” The president claimed Oman is aware of that threat

May 28 (Wednesday, local time) – U.S. President Donald Trump announced Wednesday that the Strait of Hormuz must stay open to all nations and not come under the control of any country, regardless of any agreements reached with Iran. Trump added in remarks: “We will police that region, but we’re not going to police it for any other country. That’s a tiny sliver—it’s not a large part of our thinking.” He did not specify what concrete measures the United States would take to ensure safe passage for vessels through the strategic waterway, leaving uncertainty about whether an immediate breakthrough could be achieved between Washington and Tehran. Earlier, both sides had signaled signs of progress in recent days, which had helped fuel cautious optimism in financial markets that a deal might be finalized. However, the status of the Strait of Hormuz remains a major sticking point in the ongoing negotiations. Trump also said the United States was “not thrilled” with the results of talks aimed

May 28 — A U.S. official told Reuters that the U.S. military has launched a fresh strike on an Iranian military base deemed a threat to American forces and commercial navigation in the Strait of Hormuz. The service also intercepted and shot down multiple Iranian drones that posed a risk to U.S. troops and commercial maritime traffic.

May 28 (HTX Market Data) – Early Thursday morning, Bitcoin led the cryptocurrency market into a sharp slump, hitting a fresh one-month low before paring those losses to trade at $74,453 as of this reporting period. Over a four-hour stretch, total crypto network liquidations reached $160 million, with long-position liquidations making up $151 million of that sum. On the breaking news front: An explosion occurred at Iran’s Abbas Port around 5 a.m. Beijing time Thursday, prompting Iran’s air defense system to activate for several minutes. Additionally, the U.S. military has confirmed it has deployed forces and is prepared to launch strikes on Cuba at any time. In U.S. stock market action, the three major indexes closed with modest gains, while tech sector performance was mixed: The Dow Jones Industrial Average rose 0.36%, the S&P 500 added 0.02%, and the Nasdaq Composite climbed 0.07%. Micron Technology (MU.O) jumped 3.63% to a new high, while Qualcomm (QCOM.O) plummeted over 6% and Int

May 28 – U.S. President Trump stated that the U.S. will continue to exercise control over Iran’s assets. He claimed Iran is already turning over the items the U.S. has demanded. If things do not go smoothly, U.S. Secretary of Defense Mark Esper will take charge of the situation. Trump also noted the U.S. could quickly end a war with Iran and might be forced to do so, but he believes such an action is unnecessary.

May 28th: During a cabinet meeting today, Trump declared that the Strait of Hormuz will stay open to all nations, with no single entity allowed to control it. The U.S. will oversee the strategic waterway as it is international waters. Regarding Oman, Trump stated that the country must act honestly, or the U.S. will have to "blow them out of the water."