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2026March › 17

Hormuz

4 months ago

US president strikes defiant tone as allies reject joining coalition, does not name countries he says 'on their way'.
The White House wants a fast show of unity to calm oil markets, even as contributions remain murky and key partners hesitate to sign on.
Alexander Stubb, a golf buddy of the U.S. president, says it's a “really good idea” to try to bargain with Trump, who wants Europe to help him open the Strait of Hormuz.
Closure of Strait of Hormuz has caused growing ‘dislocation’ between global benchmarks and cost of physical supplies
The French president rejected US President Trump's calls for immediate action to reopen the key oil route, but said an international escort mission could be considered once fighting subsides.
Trump has been left exposed after US allies, including the UK, France, Japan and Australia, declined to help protect commercial shipping in the Strait of Hormuz.
Fuel prices are likely to keep rising until crude oil flows through the Strait of Hormuz return to normal.
Iran's Araghchi calls for global condemnation of ‘military aggression’ that disrupted transit through Strait of Hormuz.
US allies have either pushed back or remained cautious on Trump's request to send ships to the crucial oil route.
Some of Trump's closest political allies fear the war has boxed him in without a clear off-ramp, raising concerns he may ultimately be forced to deploy American troops on the ground to save face.

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