A month has passed since the US and Israel’s war on Iran all but closed the strait of Hormuz, through which about a fifth of the world’s oil supplies typically flow. Prices have surged, amid fears of sustained disruption to global supplies.
Donald Trump argues this is not his country’s problem. “Go get your own oil!” the president urged countries, including the UK, earlier this week. The US has “plenty”, he added. The US is “totally independent” of the Middle East, the president claimed in a prime-time address on Wednesday. “We don’t need their oil.”
