Trump Proposes Renaming Strait of Hormuz to 'Strait of Trump'

New Delhi: The Strait of Hormuz, one of the world's most important and strategically sensitive sea lanes, is now in discussion for a new name. US President Donald Trump late on Wednesday shared a post on social media platform Truth Social proposing to rename the waterway to the Strait of Trump. The post shared by Trump also showed a map labeling this key sea chokepoint with the new name. Crude Oil Price: When will the lock of Hormuz open? Crude oil crosses $125 after 4 years, inflation fears political significance and controversyHormuz Strait connects the Persian Gulf to the Gulf of Oman. It is extremely important for global oil trade, as a large portion of the world's total crude oil shipments pass through this route. India imports a large portion of its oil from Iran and the United States, which it posts a large portion of its oil imports through this route.