US President Trump on potential Strait of Hormuz coalition, says Secretary of State Rubio will announce the countries; takes a while to get to the Hormuz, says some countries are fairly local
- Says he has spoken to Macron about Hormuz.
- On a scale of 0-10, says Macron has been an eight. Thinks Macron is going to help.
- Was very surprised with the UK; my attitude is that we do not need anybody.
- Not happy with the UK. Thinks they will be involved however.
- NATO is us. Putin is scared of us (the US).
- We don't need oil. We have all the oil we need. We are more than double in terms of production than any other country.
- Asked about "Iran wants to make a deal", says Iran wants to make a deal and they are talking to our people.
- Will let the nations know who disappointed him.
Context
President Trump's comments regarding forming a coalition for the Strait of Hormuz highlight escalating geopolitical tensions that could impact global oil supplies and, consequently, energy markets. His dialogue with Macron and focus on involvement—or lack thereof—from the UK reflect regional alliances that may influence sentiment in currencies and equities. If Iran is indeed seeking a deal, it could further shift market dynamics in terms of oil supply and pricing expectations, particularly in the context of ongoing negotiations.
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