U.S. President Donald Trump has claimed that the world was only weeks away from running out of oil before a recent agreement helped ease tensions with Iran. Speaking at the G7 Summit in France, Trump said global reserves were dangerously low and warned that continued conflict could have triggered a major energy crisis and disrupted global shipping routes. He pointed to the Strait of Hormuz, a critical passage for global oil trade, suggesting that tanker movement could have stopped entirely without a deal. His remarks come amid ongoing debate over energy security, military pressure, and the stability of global oil supply chains.
Was the world running out of oil? Trump’s shock admission at G7 meet: ‘We were about to run out...’
U.S. President Donald Trump has claimed that the world was only weeks away from running out of oil before a recent agreement helped ease tensions with Iran. Speaking at the G7 Summit in France, Trump said global reserves were dangerously low and warned that continued conflict could have triggered a major energy crisis and disrupted global shipping routes. He pointed to the Strait of Hormuz, a critical passage for global oil trade, suggesting that tanker movement could have stopped entirely without a deal. His remarks come amid ongoing debate over energy security, military pressure, and the stability of global oil supply chains.
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