Absurd! Donald Trump Calls Hormuz the "Trump Strait"

Jakarta, CNBC Indonesia - President Donald Trump implicitly referred to the Strait of Hormuz as the "Trump Strait." The Strait of Hormuz itself is a vital oil shipping route and a key point in the Iran war. Iran must "open the Trump Strait - I mean, Hormuz," Trump said in his speech at the Future Investment Initiative in Miami on Friday, which was met with laughter from the audience. "Forgive me. I'm very sorry. A very bad mistake," he said, pretending to apologise before clarifying, "Fake news will say, 'Trump accidentally said' - No, I'm not the kind of person who makes mistakes like that." Trump's comment comes amid escalating conflict over the Strait of Hormuz in the Iran war. As it enters the second month since the US-Israel attack on Iran, Tehran remains steadfast in blocking the strait - obstructing a route that normally carries 20 million barrels of oil per day. The Strait of Hormuz plays a crucial role in global economic stability. Tensions in this route can trigger inflation and have significant impacts on many countries that depend on the strait. On the previous Monday, Trump raised the possibility that the strait could be jointly controlled by "me and the Ayatollah" as part of a war resolution. Since then, Trump has stated that Iran is negotiating with the US to reach an agreement, although Tehran denies that peace talks are underway.