BREAKING: Iran may allow Hormuz tanker passage only if oil is traded in Chinese yuan

President Donald Trump told his White House team before the conflict that he believed Iran was more likely to capitulate than attempt to close the Strait of Hormuz. He also said that even if Iran tried to block the waterway, the U.S. military would be capable of managing the situation.

U.S. military officials have indicated that the war is expected to continue for at least several more weeks.