United States President Donald Trump has called for a naval coalition to deploy warships to secure the Strait of Hormuz, through which one-fifth of world oil shipments transit, as oil markets reel from supply disruptions caused by the US-Israeli war with Iran.What is essentially the closure of the Strait of Hormuz by Iran in response to the attacks by the US and Israel has sent oil prices soaring to more than $100 per barrel.Iran’s new supreme leader, Mojtaba Khamenei, has promised to keep the maritime artery closed while another top official in Tehran warned that oil prices could shoot up beyond $200 per barrel.Trump said he hoped a naval coalition could secure the vital waterway, which connects the Gulf to the Gulf of Oman and the Arabian Sea. Iran has struck more than a dozen ships trying to sail through the narrow waterway since the hostilities started two weeks ago.But will Trump’s solution work? A tanker sits at anchor in Port Sultan Qaboos in Muscat, Oman, as oil shipments through the Strait of Hormuz have plummeted [File: Benoit Tessier/Reuters]What has Trump said?The US president has been facing domestic pressure over starting the war alongside Israel with no endgame or off-ramps in sight.“On the strait of Hormuz, they had NO PLAN,” US Democratic Senator Chris Murphy wrote in a post on X. “I can’t go into more detail about how Iran gums up the Strait, but suffice it [to] say, right now, they don’t kno …
