<2> U.S. Oil Benchmark Nudges $100 As Trump Demands Countries Send Warships To Police Strait Of Hormuz
<3> Global Oil Prices Rise Amid Heightened Tensions
<4> The U.S. oil benchmark, West Texas Intermediate (WTI), nudged above $100 per barrel on Monday, as global oil prices rose amid heightened tensions in the Middle East.
<5> The price surge comes as President Donald Trump demanded that countries send warships to the Strait of Hormuz, a critical oil shipping route, to police the area and prevent Iran from disrupting global oil supplies.
<6> Trump’s call for international cooperation to secure the Strait of Hormuz comes as the U.S. and its allies face growing pressure from Iran to withdraw their military presence from the region.
<7> In a statement, Trump said that the Strait of Hormuz was a “very, very important” waterway and that the U.S. would not allow Iran to close it.
<8> “We’re going to make sure that the Strait of Hormuz is open, and we’re going to make sure that Iran doesn’t close it,” Trump said.
<9> The U.S. has been at odds with Iran since Trump withdrew from the