
Trump pressures NATO, China over Iran's closure of key waterway
The Peninsula
Tehran: President DonaldTrumpurged NATO partners and China to help reopen the Strait of Hormuz, the critical conduit for crude that Iran has effective...
Tehran: President Donald Trump urged NATO partners and China to help reopen the Strait of Hormuz, the critical conduit for crude that Iran has effectively closed, as major economic players began releasing oil reserves on Monday to ward off supply disruptions.
Global oil prices have surged by 40 to 50 percent after Iran choked off the waterway and attacked energy and shipping industry targets in the Gulf in retaliation for the US-Israeli war against the Islamic republic.
Crude prices were hovering around $100 on Monday as the Middle East war entered its third week.
Trump said the United States was in discussions with Iran but that Tehran was not ready for a deal to end the war, although the Islamic republic's foreign minister had earlier denied any talks with Washington.
"I don't think they're ready. But they are getting pretty close," Trump said.













