1 of 2
Story summary
- U.S. President Donald Trump has urged allies to send naval support to the Strait of Hormuz.
- The Strait of Hormuz remains impassable due to Iran's actions.
- The Secretary of Energy Chris Wright announced a release of 172 million barrels from the Strategic Petroleum Reserve to ease prices above $100.
- European nations, including Germany and France, distanced themselves from U.S. military efforts.
- The Strait's closure reduced oil production and impacted markets.
1 / 2
