Gate News message, April 13, Trump said that, because of Iran’s actions in the Strait of Hormuz, the whole world is relying on the United States for oil. Trump announced: “Tomorrow at 10:00 we will implement blocking measures… other countries are also working hard to coordinate, to ensure that Iran can’t sell oil, so the effect will be very good!” He pointed out that, at present, a large number of ships are heading to the United States, and after refueling they leave and ship away this oil, so there is no longer any need to pass through the Strait of Hormuz. Trump emphasized that, due to the promotional campaign “Drill, baby, drill,” U.S. oil reserves have increased significantly, and the reserves are even greater than the combined total of Russia and Saudi Arabia. He said: “The situation now is that ships are coming in, filling up with fuel, and you don’t have to pass through the Strait of Hormuz anymore!”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Turkey and Iran Have Not Yet Discussed Gas Contract Renewal, Expiring in July
Turkey and Iran have not yet begun negotiations to renew their natural gas contract expiring in 2026, as stated by Turkish Energy Minister Bayraktar. Currently, Iran exports 9.6 billion cubic meters annually, but Turkey's actual imports were only 7.6 billion cubic meters last year.
GateNews1h ago
Ukraine Reports Strikes on Four Russian Oil Facilities in Samara, Leningrad, and Krasnodar Regions
On April 18, Ukraine's Armed Forces targeted four significant Russian oil facilities, including refineries and a transshipment terminal, aimed at disrupting fuel supplies to Russian forces. The damage assessment is ongoing, with no response from Russia yet.
GateNews4h ago
The Strait of Hormuz closes again: Iran says the U.S. has not fulfilled its obligations, Trump says “there’s good news,” and as the ceasefire period ends without an extension, there are fears of renewed bombings
The Strait of Hormuz was closed again because the U.S. side failed to fulfill its obligations under the agreement, and Iran needs to re-approve the passage of vessels. Trump said the negotiations are going well, but the issue of handling nuclear material remains the main point of disagreement. With the ceasefire deadline approaching, he hinted that it may not be extended, raising fears of a renewed attack. The situation is tense, and it could have far-reaching effects on the energy market.
ChainNewsAbmedia4h ago
U.S. Energy Department to Release Third Batch of Strategic Petroleum Reserve, Loaning Over 26M Barrels to Nine Oil Companies
The U.S. Department of Energy will loan over 26 million barrels of crude oil to nine companies, marking the third release of strategic reserves since the U.S.-Israel-Iran conflict began, aimed at moderating oil prices. Delivery is set for May and June 2026.
GateNews9h ago
Trump Rules Out Tolls on Strait of Hormuz
President Trump announced that U.S. negotiations about a potential conflict with Iran will persist over the weekend. He firmly denied any possibility of Iran imposing tolls on vessels in the Strait of Hormuz.
GateNews11h ago
US Seeks Increased Namibian Uranium Imports to Power AI-Driven Nuclear Plants
The U.S. is contemplating increased uranium imports from Namibia to support nuclear energy for AI data centers, as China dominates Namibia's uranium sector. Rising uranium prices are reviving mining interests, despite water supply challenges in the arid region.
GateNews12h ago
