NewsOil prices fall as Trump pressures allies to help protect tankers in Strait of Hormuz Posted on March 16, 2026 by budd87309@gmail.com The U.S. strikes on Kharg Island and Trump’s threat to hit Iran’s oil infrastructure mark a major escalation in the war, according to JPMorgan. budd87309@gmail.com European countries reject Trump’s call for help to reopen strait of Hormuz – The Guardian Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
