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Iran has effectively shut down the flow of oil from the Gulf region. President Trump hasn't offered a clear solution. Trump is calling for allies to assist the U.S. military in removing the Iranian threat, and many of the allies are resisting.
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With Iran launching attacks on oil tankers to drive up oil prices, President Trump is now urging allies to send ships to help escort tankers through the Strait of Hormuz. NBC News' Gabe Gutierrez reports.
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Oil prices jumped over 2% on Tuesday as uncertainty lingered over a U.S.-led coalition to protect shipping through the Strait of Hormuz.
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Amid the U.S. oil blockade, Cuba's national energy grid collapses, causing a nationwide blackout.
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The U.S.-Israeli attacks on Iran have intensified and the conflict has widened, shaking global energy markets.
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Trump said the long-anticipated reboot of U.S.-China relations could be postponed by "a month or so," amid mounting pressure to reopen the critical oil route.
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The port of Fujairah plays a crucial role in helping keep global supplies moving when the Strait of Hormuz is blocked.
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