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Trump urges nations to deploy warships as Hormuz tensions push oil near USD 105

US President Donald Trump urges seven nations to guard Strait of Hormuz; oil executives warn of global supply disruption

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A commercial vessel is pictured offshore in Dubai on March 11. PIC/AFP

A commercial vessel is pictured offshore in Dubai on March 11. PIC/AFP

Global energy markets and military tensions collided Monday as US President Donald Trump urged about seven countries to deploy warships to secure the Strait of Hormuz while oil executives warned that disruptions in the vital corridor could trigger a worsening global fuel crunch. The warning comes as missile and drone attacks hit Gulf states and Brent crude climbed near USD 105 a barrel, with the conflict threatening one of the world’s most critical oil routes.

Flashpoints in the Gulf

>> Drone strike sparked fire at Fujairah oil facility in the United Arab Emirates
>> Missile attacks reported in Bahrain
>> Shipping risks rising near the Strait
>> Energy analysts say even brief disruptions in the corridor can ripple through global markets, supply chains and fuel prices worldwide.

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