Trump Calls for Increase in Oil Production Amid Fears Iran Will Close Shipping Lane by Andrew Powell June 23, 2025 at 1:17 pm in Featured, News ...

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News Trump urges oil producers to pump more crude fearing Iran may close critical shipping lane Published: Jun. 23, 2025, 12:28 p.m.

Iran’s parliament has approved cutting off the Strait of Hormuz, a narrow shipping lane in the Persian Gulf that about 20% of global oil and gas passes through.

Trump urged stepped-up production as the White House sharpened its warnings to Iran against closing the Strait of Hormuz, a vital oil and gas shipping lane, in retaliation for the U.S. strikes on ...

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President Donald Trump is calling for the U.S. and other oil-producing economies to pump more oil as crude prices remain volatile following U.S. strikes on Iranian nuclear facilities.

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Mr Trump urged stepped-up production as the White House sharpened its warnings to Iran against closing the Strait of Hormuz, a vital oil and gas shipping lane, in retaliation for the US strikes on ...