US EditionTrump Says U.S. Could ‘Take The Oil’ From Strait Of Hormuz, ‘With A Little More Time’
Trump said reopening the waterway could let the United States take oil and make a fortune, as Iran’s closure has disrupted about a fifth of global supply.
- On Friday, American President Donald Trump claimed the US could reopen the Strait of Hormuz with 'a little more time,' stating the country could 'take the oil and make a fortune.'
- Iran effectively closed the Strait of Hormuz in retaliation for US-Israeli strikes that began in late February, disrupting global energy supplies nearly five weeks into the conflict.
- The closure has rattled global markets and fueled supply fears; around 13% of global fertilizer exports pass through the Gulf's only access to the open ocean.
- Meanwhile, the White House sent a spending proposal to Congress on Friday requesting a $1.5 trillion defense budget for 2027 to address war-driven costs.
- Budget Director Russ Vought's proposal includes a $445 billion, or 42%, spending increase while cutting non-defense areas by 10%, setting up a potential clash with Congress.
60 Articles
60 Articles
Trump Says US Could ‘Take the Oil’ in Hormuz Push
President Donald Trump said Friday the United States could reopen the Strait of Hormuz and “take the oil and make a fortune,” framing control of the world’s most critical energy chokepoint as both a strategic and economic opportunity. The Strait carries roughly 20% of global oil supply. Traffic through the waterway has been severely disrupted as Iranian threats, vessel attacks, and collapsing insurance coverage have curtailed tanker movements. T…
The president of the United States, Donald Trump, again shakes the board in the midst of the tensions of the war with the Middle East, because now the president proposes to open the Strait of Ormuz and control the oil.This despite the fact that a few days ago Trump assured that he would no longer do anything about Ormuz, demanding countries take on their own the oil and without help from the United States.Opening Ormuz and controlling the oil is…
Donald Trump Says Reopening Strait of Hormuz for Oil Gains Would Be a ‘Gusher’ for the World
His remarks come as new data indicate a cautious return of shipping activity through the strategic waterway, a key artery for global energy supplies. Maritime intelligence firm Windward said 16 ships transited the strait on April 1, marking the third consecutive day of movement after a period of severe disruption. Donald Trump Says Reopening Strait of Hormuz for Oil Gains Would Be a ‘Gusher’ for the World.
'Open the Strait of Hormuz and Let Rivers of Oil Flow', Trump Again Threatens to Seize Iranian Crude
US President Donald Trump has once again threatened Iran. He said that if he had the time, he would seize Hormuz and profit handsomely from Iranian oil.
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