Trump Tells Allies to “Take” Oil as Strait Crisis Sends Brent Up 10%

Oil prices have moved higher as the Strait of Hormuz crisis continues to disrupt a key global route. Brent crude has witnessed a double-digit rise over the past five days. The situation remains fluid, with no clear resolution yet. At the same time, comments from US President Donald Trump have drawn attention as countries deal with fuel supply concerns.

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Trump Urges Fuel-Hit Nations to Buy US Oil or “Take It” From the Strait

Trump said countries facing fuel shortages should either buy from the US or “just take it” from the Strait, in a recent post. These remarks come as disruptions continue and several countries struggle with reduced access to supplies.

At the same time, administration officials have said that Trump is open to ending the current military campaign even if the Strait is not fully reopened. The current plan, according to officials, is to focus on weakening Iran’s naval and missile capabilities. They then want to shift toward diplomacy. Reopening the Strait is no longer being treated as an immediate objective.

Trump’s public stance has varied in recent days. he has threatened action against Iran’s energy infrastructure if the route is not reopened. He is also suggesting that the issue is more critical for other countries than for the US. The latest comments by Trump about the Iran war suggest a push for other nations to take a more active role.

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Brent Crude Rises as Supply Risks Persist

Brent crude has risen more than 10% in the past five days. During this period, the price went from a low of $94 to a high of $109.80. Brent crude is currently priced at $107.50.

This shows the rising concerns around the global oil supply. The Strait of Hormuz carries about 20% of global oil consumption. The slightest disruption in this corridor tends to impact the global oil supply quickly. The increase in oil prices comes as tanker movement remains limited. Shipping risks continue. Insurance costs have gone up, and some shipments have been delayed.

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