Trump says, "We don't need oil from Hormuz Strait." Countries that do need it must be brave enough to protect it.

President Donald Trump of the United States has said many times that he would attack Iran's nuclear facilities if it doesn't reopen the Strait of Hormuz. He also said that the US has plenty of oil and gas reserves at home and doesn't need the important shipping route.Trump also told the country that countries that rely on the Strait of Hormuz for oil should "protect and preserve" the passage.

Trump said that the US now produces more oil and gas than Saudi Arabia and Russia combined, which he said was because of his "drill, baby, drill" approach to increasing domestic production. "America has a lot of gas thanks to our 'Drill, Baby, Drill' program. We are the world's top producer of oil and gas, and that's not even counting the millions of barrels we get from Venezuela. Because of the policies of the Trump administration, we make more oil and gas than Saudi Arabia and Russia put together. That number will soon be much higher than that. We are the best country in the world, and we are ready for the future.

Trump said in the Cross Hall at the White House that the United States is strong and doesn't need oil to go through the Strait of Hormuz. He said that the country has enough energy resources at home and hasn't needed oil from that route in a long time.

"We're in great shape for the future, and there's no other country like us in the world. The Hormuz Strait doesn't bring in much oil for the US, and it won't in the future either. We don't need it. We haven't needed it, and we don't need it now. Trump said, "And the countries of the world that do get oil through the Hormuz Strait must take care of that passage. They must cherish it. They must grab it and cherish it. They must guard it."

He also told countries that depend on the strait for energy to take care of it and keep it safe. "They can do it with ease. We will help, but they need to be in charge of protecting the oil they need so badly. "Many of those countries that can't get fuel, and many of them don't want to get involved in the decapitation of Iran, we had to do it ourselves," he said.

Trump made two suggestions: first, to buy oil from the US because they "have plenty," and second, to build up the "delayed courage." "We had to do it ourselves because the countries that can't get fuel, many of which don't want to get involved in the decapitation of Iran." I have a thought. First, get oil from the United States. We have a lot. Second, get some delayed courage. Should have done it earlier. Should have done what we asked and done it with us. Go to the Strait, take it, keep it safe, and use it for yourselves. Iran has been essentially decimated,' he said.

Trump said that when the fighting is over, the Strait of Hormuz will "naturally open up." "Go to the Strait, take it, protect it, and use it for yourselves." Iran has been almost completely destroyed. The hard part is over, so it should be easy. And anyway, when this fight is over, the straight will open up on its own. It will just open up on its own. They'll need to sell oil because that's all they have to work with to rebuild. It will start the flow again, and the prices of gas will quickly go back down. He said, "Stock prices will quickly go back up."

The Strait of Hormuz, which is responsible for about 20% of the world's oil and liquefied natural gas shipments, has been effectively closed off. This has caused energy prices to rise and fears of global inflation to grow.

Oil prices went up on Thursday because Trump's speech to the nation didn't ease investors' fears about the closure of the important Strait of Hormuz. The US president asked other countries to help reopen it. Brent rose more than four percent to $105.55, and West Texas Intermediate rose three percent to $103.16. Before the US president started his speech, both contracts had been going down.