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Trump tells allies facing high fuel prices to buy US oil or 'get your own oil' from Strait of Hormuz
Trump criticized allies for not supporting US actions against Iran and urged them to secure oil independently from the Strait of Hormuz, which handles 20% of global oil, amid fuel shortages.
- On Tuesday, President Donald Trump posted on Truth Social urging countries struggling with jet-fuel shortages to "build up some delayed courage" and "just TAKE IT" from the Strait of Hormuz, while rebuking the United Kingdom for refusing to join U.S. efforts against Iran.
- Iran's retaliatory strikes in late February severely disrupted the Strait of Hormuz, a critical route for nearly 20% of global oil and gas supplies. This blockage caused energy prices to surge above $100 per barrel, fueling administration concerns.
- Charging vessels up to $2m per voyage, the Islamic Republic has implemented a "tollbooth" system to control passage through the waterway. Trump has grown frustrated as the war escalates, causing significant economic damage and increasing domestic pressure.
- Trump warned that the United States would "no longer be offering" help to allies refusing to participate in the conflict, signaling a policy shift. He explicitly told nations to purchase fuel from the U.S. instead of relying on American intervention.
- Facing mounting economic pressure to reach a deal with Tehran, the administration navigates a difficult choice between continuing military involvement or risking further global energy market disruption. Analysts suggest a resolution remains elusive as both sides dig in.
176 Articles
176 Articles
Grandpa Pudding Brains' energy policy: go steal it for yourself!
With gas prices rising and war expanding, the Orange Menace himself, Donald Trump, is urging allies to "just TAKE" control of the Strait of Hormuz. Effectively inviting piracy and telling them to go seize oil themselves. In a post on social media early Tuesday, Mr. — Read the rest The post Grandpa Pudding Brains' energy policy: go steal it for yourself! appeared first on Boing Boing.
Donald Trump’s last week around the conflict in Iran has been at least contradictory. On the one hand, he claims that his country is conducting profitable negotiations with the Islamic nation, but on the other hand, he indicates that they will unleash hell in that country. He also maintains that he is seeking a way out of the war with a new regime, yet there are already some 50,000 troops stationed in the Middle East, with a view to an invasion.…
Markets cheer as Trump threatens to abandon the Strait of Hormuz, leaving the oil market in crisis
The White House is signaling that it’s ready to leave the strait in allies’ hands: “The USA won’t be there to help you anymore, just like you weren’t there for us.”
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