"Trump said the U.S. is negotiating with countries heavily reliant on Middle East crude to join a coalition to police the waterway where about one-fifth the world's traded oil normally flows, but declined to name them."
"Bessent accused the media of "trying to make it into some crisis that it's not," and he insisted prices would come down after the conflict ends. "I don't know how many weeks it will be, but on the other side of this, the world will be safer, and we will be better supplied," Bessent said on CNBC."
"Tehran has accused the United States without evidence of using "ports, docks and hideouts" in the United Arab Emirates to launch strikes on Kharg Island, home to the main terminal handling Iran's oil exports evidence, as oil prices soared."
President Trump has requested approximately seven countries deploy warships to maintain open passage through the Strait of Hormuz as Iranian military operations continue targeting Gulf region facilities. Dubai International Airport resumed operations after a drone strike ignited a fuel tank fire with no casualties reported. Iran accuses the U.S. of using UAE ports to launch strikes on Kharg Island, Iran's primary oil export terminal. Oil prices surged to near $105 per barrel amid regional tensions. Trump pursues international coalition participation to police the critical waterway through which approximately one-fifth of global traded oil flows. Treasury Secretary Bessent downplayed oil price concerns, characterizing media coverage as exaggerated and predicting price stabilization post-conflict. Israeli operations have intensified Lebanon's humanitarian emergency, resulting in over 850 deaths and 850,000 displaced persons.
#strait-of-hormuz-security #iran-us-tensions #oil-prices-and-energy-markets #middle-east-geopolitics #international-coalition-building
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