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Trump pressures NATO, China
The Freeman
|March 17, 2026
OVER CLOSURE OF KEY WATERWAY
-
South Korean protesters hold placards during a protest against Trump's request to dispatch warships to the strait of Hormuz in front of the US embassy in Seoul.
(AGENCE FRANCE PRESSE)
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, with Israel saying it still has "thousands of targets in Iran", where it was also "identifying new targets every day".
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