U.S. President Donald Trump announced that global oil prices will drop sharply once the conflict with Iran concludes, pointing to recent increases in U.S.-escorted crude flows through the Strait of Hormuz. Despite rejecting Tehran's proposal to fully reopen the maritime transit corridor on Iranian terms, Washington expressed confidence that ongoing military pressure will compel Tehran to concede, securing long-term regional stability and lowering global energy costs.
As potential U.S. diesel export restrictions threaten to deepen Europe’s energy crisis, the EU has spent an extra €100 billion on imports while getting zero additional fuel. With Strait of Hormuz disruptions pushing crude past $110, Brussels is urging mandatory consumption cuts while accelerating its push toward energy sovereignty.
