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Stock impact report

Trump calls Strait of Hormuz the ‘Strait of Trump' [CNBC]

News Corporation - Class A (NWSA) 
Last news corporation - class a earnings: 2/6 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.newscorp.com/investor-relations
Company Research Source: CNBC
President Donald Trump on Friday winkingly referred to the Strait of Hormuz , the vital oil -shipping route and a key choke point in the Iran war , as the “Strait of Trump.” Iran has to “open up the Strait of Trump — I mean, Hormuz,” the president said in a speech at the Future Investment Initiative in Miami, garnering laughs from the crowd. “Excuse me. I'm so sorry. Such a terrible mistake,” he said, feigning apologetics before clarifying, “The fake news will say, ‘He accidentally said' — No, there's no accidents with me, not too many. If there were, we'd have a major story.” The comment came as the strait has emerged as a key source of conflict in the war, which is poised to enter its second month even as the U.S. boasts that it has “obliterated” Iran's military. Iran's continued ability to effectively block the strait — blocking the path that normally ferries 20 million oil barrels per day — has contributed to a historic disruption of global energy supply and prices. On Show less Read more
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