Trump tells allies ‘go get your own oil’, securing Strait of Hormuz is ‘not for us’

  1. Trump sharply criticized allies on Tuesday for not doing more to support the US war effort against Iran, telling them to “go get your own oil” and insisting that safeguarding the Strait of Hormuz was not America’s responsibility, as reported by AP.
  2. White House says Trump will deliver a prime-time address Wednesday evening to update the public on the Iran war, AP reported.
  3. France and Italy have pushed back against some U.S.-Israeli military operations, sources said on Tuesday, as Trump criticised NATO allies in Europe as unhelpful in the month-long war in Iran, highlighting divisions.
  4. Iran’s Revolutionary Guards on Tuesday hit back with a new threat against U.S. companies in the region starting on Wednesday. It listed 18 businesses including MicrosoftGoogleApple, Intel, IBM, Tesla and Boeing that would be targeted from 8 p.m. Tehran time (1630 GMT).
  5. Iran’s control over the Strait, a key waterway connecting the Persian Gulf and responsible for transporting about one-fifth of the world’s oil during peacetime, has pushed global oil prices higher. Brent crude, the global benchmark, as Brent oil futures finished down 3.2 percent at $103.97 per barrel.

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