A development is expected in the reopening of the Strait of Hormuz. President Trump has indicated that progress is being made, stating that a lot of progress has been achieved. The closure of the Strait has had a significant impact on global markets, driving up the cost of various goods.

This includes oil and gas, which has affected prices worldwide. Further information on the status of the Strait and its expected reopening can be found through KTXS, the local ABC affiliate in Abilene, Texas.