Trump Demands Help From Other Countries to Secure Hormuz

Donald Trump Photographer: Samuel Corum/Sipa/Bloomberg Photo by Samuel Corum /BloombergArticle content(Bloomberg) — US President Donald Trump said he is “demanding” that other countries contribute to the defense of the Strait of Hormuz as it remains effectively closed to oil tankers.Sign In or Create an AccountEmail AddressContinueor View more offersArticle content“I really am demanding that these countries come in and protect their own territory,” he told reporters Sunday on Air Force One, declining to name specific nations. “It’s the place from which they get their energy, and they should come and they should help us protect it.”Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentHe added that China relies on oil transiting through the Strait of Hormuz and that Beijing should help secure the corridor.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article content“Why are we maintaining the Hormuz strait when it’s really there for China and many other countries? Why aren’t they doing it?” Trump said.Article contentTrump said the US is in talks with “about seven” countries to get involved helping ships pass through the strait, declining to specify which nations are involved in the discussions.Article contentThe US president said some of the countries have minesweepers or a “certain type of boat” that could help secure the waterway for oil tankers to pass through. He added that he’d like to see that cooperation begin “immediately,” but conceded it would “take a little time.”Article contentThe Iran conflict has effectively halted trade through the Strait of Hormuz, a vital maritime waterway through which — in normal times — a fifth of global oil production flows, along with a multitude of other commodities. Opening the strait to trade has become a key goal for the US president as oil prices have surpassed $100 a barrel.Article contentIn an interview earlier Sunday with the Financial Times, Trump said he could delay his planned summit with Chinese President Xi Jinping if Beijing doesn’t help unblock the strait. He also warned in that interview that NATO would face a “very bad” future if member states fail to help in Hormuz. Article contentEarlier: Trump Floats Xi Summit Delay If No Help on Hormuz, FT SaysArticle content(Updates with additional context throughout.)Article contentTrending Bank of Canada more likely to cut than hike after 'brutal' jobs report, say economists Economy Canadians’ average wealth hit $1.07 million, but what’s driving net worth depends on your age, province and bracket Wealth This TSX stock has 30% upside on the company's $11 billion project backlog, analyst says Investor Posthaste: Oil supply shock could force the Bank of Canada's hand yet News Garry Marr: The pros and cons of doling out inheritance with a warm hand Family Finance Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Bank of Canada more likely to cut than hike after 'brutal' jobs report, say economists Economy Canadians’ average wealth hit $1.07 million, but what’s driving net worth depends on your age, province and bracket Wealth This TSX stock has 30% upside on the company's $11 billion project backlog, analyst says Investor Posthaste: Oil supply shock could force the Bank of Canada's hand yet News Garry Marr: The pros and cons of doling out inheritance with a warm hand Family Finance