“The United States imports almost no oil through the Hormuz Strait and won’t be taking any in the future. Trump is correct that the United States relies very little on Middle Eastern oil delivered through the Strait of Hormuz – the narrow waterway through which 20% of the world’s oil typically travels. The United States still imports more than 6 million barrels of crude a day – around a third of what it consumes. Crude prices remained high Monday – around $110 a barrel – after Trump’s threat to take out Iran’s power plants and bridges. Or how – or whether – the United States could persuade Iran to reopen it.

Source: CNN April 06, 2026 20:32 UTC