US Pushes Oil Supply Alternative Amid Strait of Hormuz Crisis
US President Donald Trump on Thursday предложed American oil supplies to countries impacted by the Iranian blockade of the Strait of Hormuz, while making it clear that responsibility for securing the crucial shipping route lies with the importing nations.Speaking from the White House, Trump stated that the United States does not depend on oil passing through the Strait and urged countries reliant on the route to take charge of protecting it.
“We don't need oil from the Hormuz strait. Those who import from there must take care of the passage,” Trump said, emphasizing the country’s position as a leading global energy producer.
Pressure Mounts on Oil-Importing Nations
The Strait of Hormuz remains a vital artery for global oil flows, particularly for Asian economies such as India, China, Japan, and South Korea, which rely heavily on supplies from the Persian Gulf.Trump suggested that nations facing supply constraints should consider purchasing oil from the United States. He also called on them to take a more active role in securing maritime transit through the region.
“We will be helpful but they should take the lead to protect the oil. To those countries who can't get oil, I suggest buy oil from the US,” he said, while reiterating calls for international involvement in safeguarding the route.
Earlier, Trump had also urged NATO allies to assist in securing vessels navigating the Strait, warning of serious consequences if support is not extended.
Oil Prices Surge Amid Escalating Tensions
Global oil markets reacted sharply to the developments, with crude prices rebounding after initial declines during the session.Brent crude surged over 5 percent to trade above 105 dollars per barrel, while US West Texas Intermediate crude rose as much as 3.2 percent to 103.27 dollars per barrel. Earlier in the day, both benchmarks had recorded losses, with Brent falling to around 99.70 dollars per barrel and WTI dropping to 97.70 dollars per barrel.
The recovery in oil prices followed Trump’s warning of intensified military action against Iran in the coming weeks, which raised concerns over further supply disruptions.
IEA Warns of Worsening Supply Disruptions
The International Energy Agency has cautioned that the global oil supply situation may deteriorate further in April.IEA Executive Director Fatih Birol indicated that supply losses could be significantly higher next month compared to March. He noted that current disruptions are estimated at around 12 million barrels per day, surpassing levels seen during previous oil crises.
The agency highlighted that March shipments were partially sustained by cargoes that had already cleared the Strait before tensions escalated, a buffer that may not continue in the coming weeks.
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