Be warned: Trump warns of ‘very bad’ future if NATO allies refuse to help open critical Strait of Hormuz
President Trump on Sunday warned NATO faces a “very bad” future if the US allies fail to help reopen the crucial Strait of Hormuz, as oil prices soar during the Iran war. prices soar during the Iran war.
Trump said in an interview with the Financial Times that European nations and other global powers that rely on Gulf oil should join a US-led effort to secure the waterway — where roughly a fifth of the world’s oil supply normally flows.
“It’s only appropriate that people who are the beneficiaries of the Strait will help to make sure that nothing bad happens there,” Trump told the British outlet, arguing that Europe and China are more heavily dependent on oil from the region than the US. Ny post
Although President Donald Trump issued an executive order Friday to resume offshore drilling in California, don’t expect to see prices at the pump drop anytime soon. REUTERS
