US EditionTrump: Oil tanker crews must ‘show some guts,’ sail through Straight of Hormuz
Trump said Iran's attack capabilities are reduced and urged tanker operators to resume transit through the Strait of Hormuz to ease rising oil prices above $100 per barrel.
- On Monday, President Donald Trump urged oil transportation companies and foreign-flag tanker crews to resume transits through the Strait of Hormuz as global oil prices surged over $100 per barrel.
- Regional drone and rocket fire forced shipping to largely halt last week after U.S.-Israeli strikes on Iranian military installations, with large tanker anchorages forming.
- The Strait of Hormuz normally handles one fifth of global oil and over 90 percent of its flow supplies Asian economies, led by China, while U.S.-flagged tankers account for about 0.6 percent.
- Analysts warned freight rates hit record highs on Friday due to geopolitical risks, while VLCC earnings reach $480,000 daily and the G7 economies' midday move cut oil prices about 20 percent on Monday.
- With about 150 launchers left, Iran has threatened to set tankers 'on fire,' and the IMO reports at least seven seafarers killed, while additional U.S. naval assets may escort ships after one passed through Sunday with no problem.
13 Articles
13 Articles
Trump Will Feel the Iran Oil Price Shock, Industry Analysts Say
Energy Secretary Chris Wright and President Donald Trump Jacquelyn Martin/APLess than two weeks ago, President Donald Trump bragged about low gas prices in his State of the Union address. On Sunday, Trump called expensive gas “a very small price to pay,” as the U.S. wages war in Iran without an obvious end in sight.Gas prices are currently up 56 cents a gallon on average since Trump’s address. The average price of a gallon could reach $4 by the …
TRUMP TO OIL TANKERS: “SHOW SOME GUTS!” – President Says Iran’s Navy Is Finished, Urges Ships to Sail Through Strait of Hormuz
President Donald Trump is urging commercial oil tankers to push through the strategic Strait of Hormuz despite escalating tensions with Iran, declaring that there is “nothing to be afraid of” after U.S.
The spokesman-Review
Trump to oil tankers: ‘Show some guts’ amid Iran war danger
President Donald Trump on Monday urged oil tankers to “show some guts” and sail out of the Persian Gulf amid the danger posed by the Iran war that has practically shut down shipping through the strategic Straits of Hormuz.
'Show some guts': Trump tells oil tankers is to buck up and get through Strait of Hormuz
President Donald Trump has a message for tanker crews making their way through the Strait of Hormuz. Following the success of Operation Epic Fury and the subsequent military operations taking place in Iran, the Strait of Hormuz has become a point of concern for Americans worried about oil prices. Fox News’s Fox & Friends co-host Brian Kilmeade spoke to the president about the matter, where Trump suggested oil companies should “get to it” and “sh…
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