Oil Rally Deepens as Trump Seeks Global Help to Reopen Hormuz
TL;DR Summary
Oil prices rose above $106 a barrel as Trump urged nations to escort ships through the Strait of Hormuz, a chokepoint that handles about one-fifth of global oil. With limited country commitments and only a few ships passing daily versus the prewar average, the disruption has been described by the IEA as the largest in energy history, fueling inflation and growth concerns.
- Oil prices keep rising as Trump seeks coalition to reopen Strait of Hormuz Al Jazeera
- After Trump’s Call to Send Warships to Strait of Hormuz, Nations Respond With Caution The New York Times
- Middle East crisis live: Trump increases pressure on allies over strait of Hormuz; flights suspended at Dubai airport The Guardian
- Trump demands other countries help secure vital Strait of Hormuz as Iran vows defiance Reuters
- Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait of Hormuz CNBC
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