The Economic Times

Donald Trump shrugs off Hormuz amid shifting oil order, but US cant 'strait' up ignore it

Donald Trump on strait of Hormuz: America's oil exports are surging, filling global supply gaps. The US now produces more oil than it imports from the Persian Gulf. However, the Strait of Hormuz remains vital for global energy flows. Disruptions there still impact international markets and indirectly affect the US economy. America's role has shifted to a global energy stabilizer.