US EditionDC Wrap: Allies Signal 'Readiness' to Help with Strait; DoD Seeks $200B for Iran
Japan and six other U.S. allies express readiness to help secure the Strait of Hormuz amid Iran disruptions; Pentagon requests $200 billion for ongoing Iran conflict funding.
9 Articles
9 Articles
The Manila Times
ZawyaOil retreats as US and allies look to boost supply, unchoke Strait of Hormuz
SINGAPORE — Oil prices fell on Friday as leading European nations and Japan offered to join efforts to secure safe passage for ships through the Strait of Hormuz and the US outlined moves to boost oil supply.Looking to curb soaring oil prices, US Treasury Secretary Scott Bessent said the US may soon remove sanctions from Iranian oil stranded on tankers, and said a further release of crude from the US Strategic Petroleum Reserve was possible.In a…
Britain, France, Germany, Italy, the Netherlands and Japan expressed their readiness to contribute to the safe passage through the Strait of Hormuz in a joint statement condemning Iranian retaliation and calling on Tehran to immediately stop its actions. The six countries say they will take measures to stabilize energy markets, including working with producing countries to increase production. They also welcome the release of strategic oil reser…
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