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Trump's comments come after he called on several countries to send warships so as to secure the critical waterway
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Rising vehicle prices, auto loan interest rates, and insurance and maintenance costs are making it harder for people to buy or keep cars.
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Foreign Minister S Jaishankar told FT there was no "blanket arrangement" for Indian ships to pass through the strait.
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Do the United States and Israel share similar goals? What kind of leadership will Iran have next? How does The Times report on wartime deaths?
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Global oil prices have soared as one-fifth of the world's supply normally transits the strait.
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Energy Secretary Chris Wright said the Strait of Hormuz, a critical passageway for oil shipments, remained unsafe for tankers. Iran has been firing projectiles and laying mines.
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The impact in the UK of the ongoing conflict in the Middle East features on Monday's front pages.
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President Trump has urged China, Britain, France, Japan and South Korea to send warships to help reopen the waterway, even though they were not involved in the U.S.-Israeli attack on Iran.
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