1 hour ago
Last Updated:March 08, 2026, 07:24 IST
The closure of the Strait of Hormuz since March 2, 2026 - the ninth day of the Iran war - has triggered a global oil crisis.
US President Donald Trump. (IMAGE: AFP)
“I would do it just to take a little of the pressure off… We’ve got a lot of oil. Our country has a tremendous amount, and we have – there’s a lot of oil out there," Trump said. This comes a day after the announcement by US Treasury Secretary Scott Bessent on temporarily allowing India to purchase Russian oil.
The closure of the Strait of Hormuz since March 2, 2026 — the ninth day of the Iran war — has triggered a global oil crisis.
Location :
Washington D.C., United States of America (USA)
First Published:
March 08, 2026, 07:24 IST
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