6 August 2026

Oil Markets Brace as Trump Calls Allied Navies to Defend Hormuz Passage

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President Donald Trump said Saturday that the United States and allied nations are preparing to send warships to the Strait of Hormuz to keep the world’s most critical oil chokepoint open as the Iran conflict threatens roughly 20% of global petroleum flows. Strait of Hormuz Flashpoint: Trump Calls for Warships as Iran Targets Shipping Trump’s […]
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