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Reading: Iran conflict retains oil costs over $100 with Strait of Hormuz paralyzed regardless of Trump’s calls for
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National & World

Iran conflict retains oil costs over $100 with Strait of Hormuz paralyzed regardless of Trump’s calls for

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Last updated: March 16, 2026 1:04 pm
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Iran conflict retains oil costs over 0 with Strait of Hormuz paralyzed regardless of Trump’s calls for
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The European Union is looking for extra strategic readability in regards to the U.S. and Israel’s plans for Iran and when the battle may finish because the bloc weighs whether or not to ship ships to assist shore up safety within the Persian Gulf.

With out confirming any particular worldwide commitments, President Trump mentioned in a social media submit on Saturday that “many Nations, particularly those that are affected by Iran’s tried closure of the Hormuz Strait, will likely be sending Conflict Ships, at the side of america of America, to maintain the Strait open and secure.”

He mentioned “hopefully China, France, Japan, South Korea, the UK, and others” would ship warships to affix a possible effort to escort ships via the Strait, which consultants say would first require an extra degradation of Iran’s offensive capabilities.

“It’s in our curiosity to maintain the Strait of Hormuz open, and that is why we’re additionally discussing what we will do on this regard from the European facet,” Kaja Kallas, the EU’s overseas coverage chief, mentioned Monday forward of a gathering of the 27-nation bloc’s overseas ministers in Brussels.

Kallas mentioned the EU may broaden its Operation Aspides naval mission to guard delivery within the Pink Sea up into the Persian Gulf, or it may kind a “coalition of the prepared” with member nations contributing army capability on an advert hoc foundation.

France has mentioned it’s working with different nations on a potential worldwide mission to escort ships via the strait, however has harassed it should be when “the circumstances allow,” when preventing has subsided.

German Overseas Minister Johann Wadephul mentioned it was vital for the U.S. and Israel to outline “after they take into account the army goals of their deployment to have been reached,” including: “We’d like extra readability right here.” 

Luxembourg Overseas Minister Xavier Bettel mentioned the EU stays uncommitted to any army motion.

“The very fact is, for the second, the EU just isn’t straight a part of the scenario. So we have to determine if we’re going to be half or not. That is an vital choice,” Bettel mentioned.

CBS/AP

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