Trump's implicit recognition of Iran's control of the Strait of Hormuz By implicitly admitting that Iran controls the Strait of Hormuz, Donald Trump justified the increase in global oil prices. The President of the United States saw the increase in the price of oil as a small cost compared to what he called "receiving nuclear weapons from Iran" and claimed that he was aware of the possibility of an increase in the price of oil and it was a choice! Trump previously spoke about controlling the Strait of Hormuz, the waterway through which a fifth of the world's fuel passes, and the daily passage of oil through it.