Iran fires back at Trump's threat to declare Hormuz a U.S. territory

Iran asserts control over the Strait of Hormuz, rejecting US President Donald Trump's claims. Trump stated he would declare the strait US territory after defeating Iran. An unnamed White House official later clarified Trump was joking about the declaration. Attacks in the strait continue, impacting regional shipping and oil prices significantly. Iran and Oman are finalizing arrangements to jointly manage the waterway.