India, July 2 -- US-Israel-Iran War Latest Update: As tensions between the United States and Iran continue to remain under global scrutiny, US President Donald Trump has claimed that commercial shipping through the Strait of Hormuz has reached record levels despite fears of disruptions in one of the world's most critical energy corridors.

Speaking at the dedication of the Theodore Roosevelt Presidential Library in North Dakota, Trump also said oil prices were falling faster than expected and credited his administration's policies for maintaining stability.

His remarks come at a time when global markets continue to closely monitor developments in the Middle East and the movement of oil tankers through the strategically important waterway...