Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

California orders Sable offshore to remove Santa Ynez pipeline crossing state park – Oil & Gas 360

March 16, 2026

IEA Says It Has More Emergency Oil Reserves Available

March 16, 2026

Could Oil Prices Really Hit $200 A Barrel?

March 16, 2026
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Trump says coalition to protect oil tankers not ready yet
Emissions Regulations

Trump says coalition to protect oil tankers not ready yet

omc_adminBy omc_adminMarch 16, 2026No Comments4 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


U.S. President Donald Trump speaks during a lunch with the Trump Kennedy Center Board Members in the East Room of the White House on March 16, 2026 in Washington, DC.

Alex Wong | Getty Images

President Donald Trump said Monday that he is frustrated some countries will not join a coalition to escort oil tankers through the Strait of Hormuz.

“Some are very enthusiastic, and some are less than enthusiastic,” Trump told reporters at a press conference. “And I assume some will not do it. I think we have one or two that will not do it that we’ve been protecting for about 40 years at tens of billions of dollars.”

Trump has been pressuring U.S. allies to send military forces to get oil exports flowing through the Strait. Tanker traffic through the narrow sea route has plunged due to Iranian attacks. This has triggered the largest oil supply disruption in history, with crude prices surging about 40% since the war began.

Trump declined to name which nations have agreed to participate in the coalition. The president said the White House will soon announce a list of countries that have agreed to do so.

“Numerous countries have told me they’re on the way,” Trump said.

The president said the United Kingdom has been reluctant to join the coalition. Trump said British Prime Minister Keir Starmer was hesitant to send two aircraft carriers to the region at U.S. request.

“He didn’t really want to do it,” Trump said. “I was not happy with the U.K. I think they’ll be involved, but they should be involved enthusiastically. We’ve been protecting these countries for years with NATO.”

Starmer said Monday that the U.K. is working on a plan with all of its allies to restore freedom of navigation in the Persian Gulf as quickly as possible.

“Ultimately, we have to reopen the Strait of Hormuz to restore stability in the market — that is not a simple task,” Starmer said at a press conference.

Trump said he has spoken to French President Emmanuel Macron about escorting tankers.

“I think he’s going help,” Trump said. “I’ll let you know. I spoke to him yesterday. I don’t do a hard sell on them because my attitude is, we don’t need anybody. We’re the strongest nation in the world.”

Macron said in a social media post Sunday that freedom of navigation in the Strait “must be restored as soon as possible.” France has deployed an aircraft carrier strike group to the Eastern Mediterranean.

The aircraft carrier is deployed in defensive posture and there has been no change to its status, according to a Saturday social media post from France’s Foreign Ministry.

German Chancellor Friedrich Merz said Monday that Berlin will not participate in a naval mission in the Persian Gulf. The U.S. and Israel did not consult Germany before the war, Merz said. Berlin wants an end to Iran’s nuclear and missile programs but it will not join the conflict, he said.

“That means that so long as the war continues, we will not participate in the Strait of Hormuz with military assets to guarantee freedom of navigation,” the chancellor said at a press conference. “We are not aware of any concept of how such an operation could be successful.”

Britain, France and Germany are traditionally the closest U.S. allies in Europe. U.S. Energy Secretary Chris Wright told CNBC Thursday that the U.S. Navy is not ready to escort tankers through the Strait.

“It’ll happen relatively soon but it can’t happen now,” Wright said. “We’re simply not ready. All of our military assets right now are focused on destroying Iran’s offensive capabilities and the manufacturing industry that supplies their offensive capabilities.”

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Why traders are getting nervous about Iran’s $200 warning

March 16, 2026

UAE’s Fujairah hit, causing a large fire at the key oil trading hub

March 16, 2026

Oil meme trade? Crude drawing record retail money

March 16, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Federal Reserve cuts key rate for first time this year

September 17, 202513 Views

Inflation or jobs: Federal Reserve officials are divided over competing concerns

August 14, 20259 Views

Cheap parcels from China will no longer be duty-free. Here’s what it means for buyers and sellers

May 1, 20259 Views
Don't Miss

IEA says Asia to receive immediate oil from 400 MMbbl reserve release

By omc_adminMarch 16, 2026

(Bloomberg) – The International Energy Agency said oil from an unprecedented stockpile release will be…

AI Washing Becomes the New Greenwashing: The $1.5 Billion Collapse of Builder.ai

March 16, 2026

TotalEnergies warns Middle East conflict could cut 15% of its output

March 16, 2026

ExxonMobil, Halliburton deploy closed-loop automated drilling in Guyana

March 16, 2026
Top Trending

ReNew Raises $95 Million to Expand Commercial & Industrial Decarbonization Platform

By omc_adminMarch 16, 2026

Nest to Vote Against Companies that Have Scaled Back Climate Commitments

By omc_adminMarch 16, 2026

Replacing 1m petrol cars with EVs could cut Australia’s reliance on foreign fuel by 1bn litres a year | Electric vehicles

By omc_adminMarch 16, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202520 Views

AI’s Next Bottleneck Isn’t Just Chips — It’s the Power Grid: Goldman

November 14, 202514 Views

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views
Our Picks

IEA Says It Has More Emergency Oil Reserves Available

March 16, 2026

North America Drops 6 Rigs WoW

March 16, 2026

ExxonMobil, Halliburton deploy closed-loop automated drilling in Guyana

March 16, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.