Tuesday, March 31, 2026

Oil Slides As Trump Reportedly Told Aides He's Willing To End War Without Reopening Hormuz









by Tyler Durden
Tuesday, Mar 31, 2026 - 10:00 AM


Summary

Trump reportedly told his aides he's willing to end the war without reopening the Strait of Hormuz


Iran struck a fully-laden Kuwaiti oil tanker in a Dubai port


Iran rejects 'excessive, illogical' US demands while Trump mentions 'progress' with a 'more reasonable regime'. Trump again threatens to destroy Iran energy sites and Kharg Island. Hundreds of US Special Forces arrive in region.


White House seriously considering ground operation to seize Iran's enriched uranium stockpile but also wants Tehran to negotiate handing it over willingly. Bessent: US will 'retake' Hormuz Strait 'over time'.


Bazan oil refinery in Israel's northern city of Haifa is on fire after a second apparent Iranian missile strike of the war. Trump says US response 'coming shortly'.


Iran accuses Israel of more 'false flags' - after Kuwait water desalination plant hit.

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Trump Told Aides He's Willing To End War Without Reopening Hormuz; Report

The Wall Street Journal is reporting that President Trump told aides he's willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed, administration officials said, likely extending Tehran's firm grip on the waterway and leaving a complex operation to reopen it for a later date.

In recent days, Trump and his aides assessed that a mission to pry open the chokepoint would push the conflict beyond his timeline of four to six weeks.

He decided that the U.S. should achieve its main goals of hobbling Iran's navy and its missile stocks and wind down current hostilities while pressuring Tehran diplomatically to resume the free flow of trade.

If that fails, Washington would press allies in Europe and the Gulf to take the lead on reopening the strait, the officials said.

The longer the strait remains closed, the more it will roil the global economy and boost gas prices.

Oil is falling significantly on the news, erasing all of its earlier gains on the news...



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