U.S. Reduces NATO Support for Hormuz
France and Britain declined to send ships to secure Hormuz, with no country offering assistance.
Closure of Hormuz Strait affects 20% of global oil supply, raising prices to $100/barrel.
Trump criticized Japan, Australia, and South Korea for not sending minesweepers.
U.S. gas prices rose to $3.79 due to oil price increases.
3 weeks ago