World Business Report - Trump: US Navy could escort tankers through Hormuz

Download Trump: US Navy could escort tankers through Hormuz

President Trump says the US Navy will escort tankers through the Strait of Hormuz "if necessary", after shipping traffic almost entirely halted through the key sea passage following Iranian threats to "set fire" to ships. We hear the latest on shipping in the region.

We also head to Lebanon as hostilities between Israel and the Iran-backed group Hezbollah continue to escalate. What does this mean for the future of the country?

And OpenAI says it’s rewriting parts of what it calls an “opportunistic and sloppy” deal with the US government over the use of its AI in classified military operations.

(PHOTO: Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 3, 2026. Credit: REUTERS/Amr Alfiky/File Photo).

Published on Tuesday, 3rd March 2026.

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