On Thursday, US President Donald Trump announced that he would sell American oil to countries affected by the Iranian blockade of the Strait of Hormuz. He criticized oil-importing nations for not taking responsibility to secure the passage and suggested they purchase oil from the US instead. Trump emphasized that the US does not need oil from the Hormuz strait and encouraged countries to protect their own interests in the region. His comments came as crude oil prices rebounded sharply, with Brent crude rising over 5% to trade above $105 per barrel after he warned of intensified military action against Iran. The International Energy Agency (IEA) has indicated that supply disruptions could double in April, with current losses estimated at around 12 million barrels per day, surpassing previous oil crises. Trump's statements also included a call for NATO allies to assist in securing vessels through the vital shipping route.