Trump Pushes Oil Exports as Hormuz Closure Sends Prices Soaring

Trump urged the world to buy oil from the United States of America. We have plenty.

“Kharg Island: What Do We Know About Iran's Oil Export Hub”

BBC

Politico reported Trump wants the world to buy more US oil but might regret it if gasoline prices rise.

BBC

The Guardian explained that the US is viewed as energy independent, but the oil market is fundamentally international.

US crude prices jumped more than $11 to land at $111.54 a barrel.

Asia began fuel rationing and curbing demand with school closures and four-day work weeks.

CNBC

The Council on Foreign Relations noted Trump’s war triggered the largest oil supply disruption in history.

Trump openly contemplated seizing Kharg Island, Iran’s main oil-export hub.

“Roxanna Vigil is an international affairs fellow in national security at the Council on Foreign Relations, sponsored by Janine and J”

Council on Foreign Relations

The New York Post reported he said the US could easily open the Hormuz Strait and take the oil.

BBC framed this as moving from threats to actual targeting after CENTCOM destroyed military targets.

The Council on Foreign Relations reported the sanctions regime began to unravel with temporary relief for Iran and Russia.

This contradicted the administration's previous maximum pressure approach.

New York Post

The economic impact and diplomacy challenges compound military risks and political fallout.