On September 28, 2023, Trump released a map of the Strait of Hormuz titled 'Trump Strait'. This release occurred about half an hour after the Wall Street Journal published a report on his rejection of a seven-day ceasefire proposal. It seems that Trump has plans to resume attacks on Iran after the midterm elections in November.
Analysis of the Map and Its Consequences
Previously, on September 2, 2023, in a post on Truth Social, Trump referred to renaming the Strait of Hormuz after himself and claimed that this strategic waterway is 'under U.S. control'. These statements from Trump come as he announced at a rally last month that he would soon issue a declaration on this matter.
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The map that Trump published describes the Strait of Hormuz as 'a new territory of America'. This action indicates a shift in the political and military approach of the United States towards this region, which, especially under current conditions, could have significant implications for the global oil market and energy security.
Economic and Security Impacts
Before the onset of the war in Iran on February 28, 2023, with attacks from the U.S. and Israel, about one-fifth of the world's oil trade passed through the Strait of Hormuz. However, with the start of this war, Iran imposed restrictions on navigation in this strait in its early stages, leading to a rise in global energy prices. Additionally, the volume of ship traffic through the Strait of Hormuz remains significantly lower than pre-war levels.
These developments in the Strait of Hormuz, recognized as one of the most critical oil transit points in the world, could affect global oil prices and create new fluctuations in the energy market. Given the implications of this map and Trump's statements, analysts believe that further tensions may arise in the region, which could have significant effects on the global economy.
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