NATO Allies Push Back on Trump’s Call for Help
NATO members are dropping previous efforts to mollify Trump and instead are increasing resistance to his demands.
If the Strait of Hormuz remains effectively shut for another six weeks or more, many energy analysts and traders say oil prices would need to climb much higher to bring supply and demand into balance. Think $200 a barrel.
Such a grim figure—along with US gasoline prices topping $4 per gallon, Iran attacking a fully laden tanker and continued strikes around the Persian Gulf—may be among the factors prompting a Trump administration pivot Tuesday. Defense Secretary Pete Hegseth said the US military’s job now is to maintain pressure and compel Tehran to make a deal.