Trump Considers NATO Exit Amid Rising Iran Tensions
Oil markets react as Iran conflict and Strait of Hormuz crisis intensify
Donald Trump has indicated he is considering withdrawing the United States from NATO, as tensions intensify over the Strait of Hormuz and the ongoing conflict involving Iran.
In an interview, Trump suggested that any potential U.S. military action against Iran could be resolved within “two to three weeks.” He also said he would consider a ceasefire, claiming Iran’s leadership had made such a request, but only if the Strait of Hormuz is reopened.
Meanwhile, Keir Starmer announced that the United Kingdom will host talks with several countries this week, focusing on the vital shipping route through which a large share of the world’s oil supply passes. The discussions aim to ease tensions and coordinate an international response.
Iran’s President, Masoud Pezeshkian, stated that Tehran is willing to end the conflict but emphasized that any agreement must include guarantees to prevent further hostilities.
Within Iran, civilians are increasingly fatigued by the prolonged conflict. One resident in Tehran described the situation as exhausting, saying he felt trapped as the war continues, with authorities maintaining an internet blackout.
Despite rising geopolitical tensions, global oil markets showed some relief, with prices dropping below $100 per barrel following signals from both Washington and Tehran. The UK airline industry also reported no immediate disruptions to jet fuel supplies.
However, clashes across the region persist. Exchanges between Israel and Iran continue, with Iran also targeting neighbouring Gulf states. In Lebanon, images have shown extensive damage to buildings following ongoing Israeli strikes.
