- Trump says the US is clearing mines from the Strait of Hormuz, calling it a favor to countries around the world.
- Iran’s navy, air force, missile factories, air defense systems, and all 28 of its mine-laying boats were destroyed.
- Markets react to falling oil prices and positive crypto sentiment; BTC surges as geopolitical tensions ease.
On April 11, 2026, President Donald J. Trump announced that the United States had begun clearing mines in the Strait of Hormuz. He claimed that American forces had destroyed Iran’s navy, air force, missile factories, and air defense systems during the recent conflict. Trump also stated that U.S. warships had sunk all 28 of Iran’s mine-laying boats, which he said explains why Iran is unable to clear the mines on its own.
Trump Says US Is Clearing Strait of Hormuz Mines
On April 11, 2026, Trump announced that the United States had begun clearing mines from the Strait of Hormuz, describing the operation as “a favor to countries all over the world,” including major oil importers such as China, Japan, South Korea, France, and Germany.
In his Truth Social post, Trump stated: “We’re now starting the process of clearing out the Strait of Hormuz as a favor to Countries all over the World… Incredibly, they don’t have the courage or will to do this work themselves.”
Source: Truth
He added that empty oil-carrying ships from many nations are heading to the United States to load up with American oil.
Iran’s Military Capabilities Destroyed During the Recent War
U.S. and allied forces destroyed much of Iran’s conventional military during the 38-day Operation Epic Fury that began on February 28, 2026. Trump stated that American strikes eliminated Iran’s navy and air force while crippling its missile production and air defenses.
Over 13,000 targets were hit across more than 10,200 sorties, leaving Iran unable to project power effectively. U.S. officials reported the sinking of 150 warships, including every submarine and all 28 mine-laying boats. Iran’s air force and missile capabilities were also shattered. Strikes destroyed most remaining aircraft, including F-14 Tomcats, and air defense systems.
Over 450 ballistic missile sites and a massive portion of Iran’s defense industrial base were destroyed, reducing Iran’s ability to launch attacks as the war progressed. This destruction has prevented Iran from clearing its own randomly placed mines in the Strait of Hormuz.
What’s The Impact on Global Energy and Crypto Markets?
Trump’s move positions the U.S. as actively restoring freedom of navigation in international waters. Successful clearance could ease oil price spikes and shipping risks, though independent verification of claims and the actual resumption of traffic remain key for trader confidence.
However, full normalization could take weeks, as mine clearance requires specialized equipment, divers, and remote vehicles, which are complex maritime operations that experts say are time-intensive even under optimal conditions.
Crypto markets have reacted positively to the reduced geopolitical tensions and ceasefire signals. As of April 11, 2026, Bitcoin (BTC) trades at $72,840.45, up by 8.4% over the past week, with a market cap of $1.57 trillion.
Ethereum trades at $2,248.78, showing gains similar to those seen amid improved risk sentiment from Hormuz reopening hopes. Therefore, traders view this de-escalation as supportive for risk assets, though volatility persists amid macro factors.
Related: Trump Signals Iranian Regime Change; Bitcoin Dips Toward $68K
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