US EditionTrump: Oil tanker crews must ‘show some guts,’ sail through Strait 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.
17 Articles
17 Articles
Lawrence O'Donnell Slams Trump for Telling Ships in Warzone to 'Show Some Guts': 'How About 19-Year-Old Barron Trump?'
Lawrence O’Donnell slammed Donald Trump for telling oil tankers to have some “guts” and sail through the Strait of Hormuz, questioning if the president would tell his own 19-year-old son Barron Trump to do the same. “Donald Trump wants the non-combatants on commercial vessels to do something that no one in the Trump clan has ever done: enter a war zone, show some guts,” O’Donnell said during his Monday segment of “The Last Word.” “How about 19-y…
What to Know About the Strait of Hormuz, a Key Passageway Essential for Global Energy Supply
DUBAI, United Arab Emirates (AP) — The widening war in Iran has ground tanker traffic through the Strait of Hormuz to a halt and oil prices have been swinging sharply, highlighting the important role the narrow passageway plays in global energy supply. The Strait of Hormuz is the narrow mouth of the Persian Gulf through […]
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.
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