Donald Trump has signalled he is willing to end the military campaign against Iran even if the Strait of Hormuz remains largely closed, the Wall Street Journal reported.

It comes after the President yesterday threatened to bomb Iran’s power plants, oil wells, desalination plants and Kharg Island if the waterway is not opened ‘immediately’.

Any US exit from the war without unblocking the strait will likely extend Tehran’s grip on the key oil route and leave a complex operation to reopen it for a later date.

Economies across the world have been disrupted by the closure of the Strait of Hormuz which has resulted in oil prices spiking amid fears stocks could run out.