Oil prices fell in response to Trump’s compensation demand, as easing in Hormuz2% decline
Trump said that2026-07-13the United States should be compensated for the cost of guarding the Strait of Hormuz. This week, international oil prices fell by7Month9Day on recession concerns by2%, and on7Month10Day, they closed lower again on hopes that shipping through the strait would become smoother.
Trump said that2026-07-13the United States should be compensated for the cost of protecting the Strait of Hormuz. The remarks show that the dispute surrounding the strait is continuing.
Trump argued that the resources and costs the United States has put into guarding the strait should be borne by allies or by the countries that benefit from it. The remarks were made on7Month13Day.
International oil prices were highly volatile this week.7Month9Day, recession concerns outweighed supply risks, and oil closed down by2%.
On the next trading day, 7month 10a further decline at the close was observed as expectations that shipping in the Strait of Hormuz would become smoother were reflected in oil prices.
The Strait of Hormuz is a major crude oil shipping lane and a region tied to security issues in the Middle East. In connection with the conflict involving the United States, Israel and Iran, the strait is at the center of policy and military discussions.
This week’s oil-price movement is recorded as a case in which economic indicators and conditions in the Middle East strait influenced the market together. Market participants monitored news related to the strait and the release of key economic indicators at the same time.
Sources: CNBC,Reuters,CNBC Top News
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