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The United States announced it will take a primary role in imposing a naval blockade on the Strait of Hormuz.
The closure of the Strait of Hormuz is considered the most significant economic consequence of the ongoing conflict due to its impact on global oil prices.
A supplemental defense spending request of approximately $200 billion is currently pending before the U.S. Congress.
Executing a total naval blockade of the Strait of Hormuz is considered logistically very difficult and would likely require the U.S. to be willing to fire on non-compliant vessels.
The apparent strategic goal of the proposed U.S. blockade is to prevent the passage of Iran-approved vessels through the Strait of Hormuz to increase economic pressure on Iran and its supporters.
President Donald Trump has sought to build an international coalition to ensure freedom of navigation in the Strait of Hormuz.
European countries, including France and the United Kingdom, were unwilling to join a U.S.-led coalition to secure the Strait of Hormuz due to the risk of military action from Iran.
The United Arab Emirates has indicated a willingness to participate in a U.S.-led coalition to secure the Strait of Hormuz.
Israel and some Gulf states are considered potential contributors in support roles for a U.S.-led maritime security coalition in the Strait of Hormuz.
President Trump's administration is motivated to resolve the Strait of Hormuz crisis in order to lower U.S. gasoline prices before the November elections.
The U.S. Congress is expected to vote on a War Powers Resolution next week regarding the president's authority for military action.
A War Powers Resolution vote in Congress is viewed as largely symbolic, as the president is expected to veto it if it passes.