The same president who declared American energy independence from the Middle East has now warned the world was weeks away from running out of fuel entirely.
Speaking at the G7 summit in Évian-les-Bains, France, on 17 June 2026, President Donald Trump admitted that global oil reserves were approaching a catastrophic threshold, and that the looming exhaustion of those reserves was among the primary forces that drove his administration to accept a memorandum of understanding with Iran. The admission stands in direct contradiction to sweeping statements he made just ten weeks earlier, in which he told the American public that the United States had no need whatsoever for Middle Eastern energy.
