Washington, D.C.: U.S. President Donald Trump suggested finishing off Iran’s leadership while urging other nations to secure the Strait of Hormuz. The Strait carries about 20% of the world’s oil, making its closure a major global concern. Trump’s remarks signal increased U.S. pressure and heightened regional tension affecting energy markets and allies. Trump made the […]
global oil prices 2026
US not ready to escort tankers in Hormuz
US Energy Secretary Chris Wright said on Thursday that the US military is currently “not ready” to escort oil tankers through the Strait of Hormuz. All military assets are focused on strikes against Iran, leaving critical shipping lanes unprotected amid escalating tensions. The warning comes after attacks on two oil tankers off Iraq killed at […]