The post Talking to 7 countries regarding Strait of Hormuz appeared on BitcoinEthereumNews.com.

US President Donald Trump said on Monday that he is discussing with other countries about policing the Strait of Hormuz, adding that Israel is collaborating with the US on securing the vital shipping route. Key quotes They want to negotiate badly yet I don’t think they are ready.  We are discussing with other countries about policing the Strait of Hormuz.  We are targeting drone manufacturing in Iran.  Talking to 7 countries regarding Strait of Hormuz. I am demanding that other nations help protect the Strait. Israel is collaborating with the US on securing the Strait of Hormuz. We are talking to Iran yet I do not think they are ready.  I do not know if I want to make a deal with Iran.  I think we will either make a deal or do what we have to do very soon.  I think something will happen with Cuba fairly quickly.  Market reaction At the time of writing, the West Texas Intermediate (WTI) is down 0.92% on the day at $96.07.  WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak…

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Filed under: News - @ March 16, 2026 1:21 am