MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Trump tells UK to secure Strait of Hormuz and ’go get your own oil’

ALN

Donald Trump said the UK and other countries which did not take part in strikes against Iran should secure the Strait of Hormuz themselves.

The US president said countries which ‘refused to get involved in the decapitation of Iran’ should ‘build up some delayed courage, go to the strait and just take it’.

In the latest sign that his Middle East campaign has severely damaged long-standing relationships, Trump suggested its allies will ‘have to start learning how to fight for yourself’.

The UK was the only country named in a post by Trump on his Truth Social platform.

The president’s comments came less than an hour before Buckingham Palace announced the King and Queen will make a state visit to the US in late April, giving an indication of the diplomatic tensions Charles will have to navigate.

Trump wrote: ‘All of those countries that can’t get jet fuel because of the Strait of Hormuz, like the UK, which refused to get involved in the decapitation of Iran, I have a suggestion for you: Number 1, buy from the US, we have plenty, and Number 2, build up some delayed courage, go to the Strait, and just TAKE IT.

‘You’ll have to start learning how to fight for yourself, the USA. won’t be there to help you anymore, just like you weren’t there for us.

‘Iran has been, essentially, decimated. The hard part is done. Go get your own oil!’

Trump’s comments came after reports in the Wall Street Journal that he would be willing to end the US military campaign even if Iran maintains its stranglehold over the strait, a vital shipping route for global oil and gas supplies.

US defence secretary Pete Hegseth rounded on the UK for failing to send warships to the region, saying ‘last time I checked there was supposed to be a big, bad Royal Navy that could be prepared to do things like that as well’.

Hegseth said: ‘President Trump has been willing to do the heavy lifting on behalf of the free world to address this threat of Iran.

‘It’s not just our problem set going forward, even though we have done the lion’s share of preparation to ensure that strait will will be open.’

Iran’s selective blockade of the maritime chokepoint and its attacks on the Gulf states have pushed up global energy prices.

In the latest sign of the risk to shipping in the region a Kuwaiti oil tanker was attacked off the coast of Dubai.

Keir Starmer discussed the situation with Syrian President Ahmed al-Sharaa in Downing Street.

‘They discussed the need for a viable plan to reopen the Strait of Hormuz, in the face of the severe economic impact of prolonged closure, and agreed to work with others to restore freedom of navigation,’ a Downing Street spokesman said.

The UK is to send more troops to the Middle East to help defend Gulf allies against Iranian attacks.

Defence Secretary John Healey announced the UK will send a Royal Artillery battery with Sky Sabre air defence missile systems to Saudi Arabia and extend the deployment of RAF Typhoons in Qatar.

He said: ‘On President Trump’s challenge on the Strait of Hormuz, he is right to say that Iran is trying to hold the Strait of Hormuz hostage, trying to blackmail the world by closing off shipping.

‘The challenge to us all is to come up with a plan that will see a dialling down of the conflict and a reopening of the shipping.’

Starmer was also chairing a meeting of the Cobra crisis committee to consider the impact on households and the wider economy from soaring energy costs.

Average energy bills are forecast to rise by almost £300 from July while motorists are already counting the cost of the war, with drivers paying £544 million extra for fuel since the US-Israeli bombing campaign began.

The price most households pay for energy under regulator Ofgem’s cap will fall by £117-a-year to £1,641 from Wednesday, driven by the government’s promise to cut bills by an average of £150 by removing green subsidies.

But respected energy analyst Cornwall Insight said its prediction for the watchdog’s price cap from July to September now stands at £1,929 for a typical dual fuel household  an increase of £288 or 18% on April’s cap.

Energy consumers minister Martin McCluskey said: ‘Tackling the affordability crisis is our number one priority and I know many families will be thinking about how events in the Middle East might impact the cost of living at home.

‘We will continue to fight people’s corner through this crisis and, as the Energy Secretary (Ed Miliband) has said, if it’s necessary to intervene, we will.’

The costs for homes reliant on heating oil, which are not covered by the Ofgem cap, have already soared.

Department for Energy Security and Net Zero figures showed the average price per litre of standard grade burning oil stood at 104.1p in March, nearly double the average in February (53.5p) and the highest monthly figure since official data began in January 1989.

The government has announced a £53 million package of support for heating oil customers.

Motoring research charity the RAC Foundation estimated that rises in pump prices since the conflict in the Middle East began on February 28 have led to motorists paying an additional £409 million for diesel and £135 million for petrol.

Average diesel prices are up 40p a litre since the war began, while petrol has gone up 20p.

Starmer has previously promised to keep a planned rise in fuel duty from September ‘under review in light of what’s happening in Iran’ and the government has stepped up efforts to help drivers find the cheapest fuel in their area through a price comparison app.

By David Hughes, Press Association Political Editor

source: PA

Copyright 2026 Alliance News Ltd. All Rights Reserved.