Trump Tells Allies to 'Go Get Your Own Oil' as Gas Tops $4
Key Takeaways
- Trump told allies to 'go get your own oil' amid Hormuz disruption.
- U.S. gas prices topped $4 per gallon as oil supply pressures rose.
- Iran conflict and Hormuz disruption drive global oil flows.
Trump Shifts Responsibility
Trump told allies to build up some delayed courage and take the Strait of Hormuz.
“On reopening the Strait of Hormuz, Trump tries to shift responsibility away from US Trump told ABC's Jon Karl that other countries "can police it themselves”
He said the United States won't be there to help you anymore.
Trump singled out the United Kingdom and France for not getting involved.
Gas Prices Surge
The average price of gasoline in the U.S. passed $4 for the first time since 2022.
The closure of the Strait of Hormuz has caused prices to soar worldwide.
Oil prices were on track for the biggest one-month rise on record.
U.S. Turns to Investors
The stock market reacted positively to Trump's shift.
The S&P 500 rose more than 1.5%.
Trump's approval rating was tanking.
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