Trump Says US Could ‘Take the Oil’ in Hormuz Push ...Middle East

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Trump Says US Could ‘Take the Oil’ in Hormuz Push
source : OILPRICE ( Middle East ) () 33
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. Tanker flows have stalled, and crude and product markets have repriced sharply higher…

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