PANews reported on May 2nd that US President Trump stated the US is "not leaving" the Strait of Hormuz at this time, defending the US blockade and calling it "very powerful." Trump stated the blockade is working and claimed energy prices will drop dramatically once the war ends. "After this war, oil, gas, and everything will plummet in price," he said. He also praised the record high US stock market and stated that projects under his administration are being completed "on time" and "on budget."