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Primary Sources
Trump Oil Grab Shock: Hormuz Crisis Sends Prices Soaring
Trump's explosive "take the oil" remark triggers global outrage as Hormuz crisis deepens, oil surges past $100, and markets spiral.
Oil Jumps As Trump Shifts Hormuz Closure Burden To Oil-Dependent Nations
In his speech, US President Donald Trump said the United States does not need oil from the Strait of Hormuz route.
Crude Oil Tops $110 as Strait of Hormuz Closure Sparks Global Energy Crisis
The closure of the Strait of Hormuz is the 21st-century equivalent of the 1973 oil embargo, but with far more complex global supply chains. The crisis has exposed the fragility of the "Just-in-Time" energy model and is likely to trigger a permanent shift in how nations view energy security.
Iran War: How High Could Oil Prices Get with Strait of Hormuz Closure?
Once they're exhausted, it's not clear what further tools President Donald Trump has to keep global oil prices from surging in the near term — other than fully reopening the strait.
