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The U.S. is maxing out its strategic oil reserves as Trump vows to control the Strait of Hormuz
- Investing Markets
Ramit Sethi- 6 minutes read
Updated
President Donald Trump made a new push Monday to exert more control over the Strait of Hormuz, a global oil chokepoint that is over 7,000 miles from the U.S.
The tensions come as a fragile U.S.-Iran cease-fire deal has been unraveling, and as another crisis brews closer to home: U.S. emergency crude-oil reserves now sit at their lowest levels since the 1980s, and are
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