Trump warns Iran to open Strait of Hormuz or get 'hit very hard'

United States President Donald Trump said a deal to reopen the Strait of Hormuz could come as soon as Wednesday but warned Iran it would get “hit very hard” if negotiations fell through. Transit of the waterway, a key conduit for global oil and gas supplies, has been a sticking point in talks and led to renewed fighting following an April ceasefire. Iran has tightened its grip on Hormuz and wants to control the strait and charge tolls — powers it did not exercise before the war began on February 28. Trump said on Tuesday a deal with Iran to reopen Hormuz could happen “tomorrow or the next day,” telling reporters in California that negotiators “had a very good day”. Earlier, he struck a more…