Europe's oil supply is under threat after Iran attacked a Kuwaiti oil tanker off the coast of Dubai, sparking concerns about a potential oil spill.
The attack, which occurred overnight, saw Iran set the tanker ablaze, but city officials were able to extinguish the fire without any oil leaking into the sea or causing injuries. The incident comes as tensions between Iran and the West escalate, with the Strait of Hormuz blockade having a significant impact on global oil prices.
European countries, including the United Kingdom, have been hesitant to join the US in the war against Iran, with British Prime Minister Keir Starmer reiterating that Britain would not get involved. In response, US President Donald Trump took to social media, advising European countries to "get your own oil" and suggesting they build up the courage to take control of the Strait of Hormuz.
The US has been seeking help from its allies in the war against Iran, but so far, they have been reluctant to join in. The Pentagon is scheduled to hold a press conference today to discuss the latest developments in the conflict.
Meanwhile, the war has also seen attacks on Israel, with the Israel Defense Forces (IDF) saying they have completed a series of strikes on government infrastructure in Tehran. The IDF has also been pushing ahead with their campaign against Iran-backed militant group Hezbollah in southern Lebanon.
When Trump tells Europe to "get your own oil," that means the US is no longer willing to bear the burden of securing global oil supplies, and it's up to Europe to take responsibility for its own energy security. This shift in US policy has significant implications for the global economy, as oil prices are likely to continue rising in the absence of a stable supply chain.
