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    3. >Trump calls for allies to help secure Strait of Hormuz as Iran vows to step up retaliation
    Headlines

    Trump calls for allies to help secure strait of hormuz as iran vows to step up retaliation

    Published by Global Banking & Finance Review®

    Posted on March 15, 2026

    6 min read

    Last updated: March 15, 2026

    Trump calls for allies to help secure Strait of Hormuz as Iran vows to step up retaliation - Headlines news and analysis from Global Banking & Finance Review
    Tags:FinanceBankingMarketsOilGeopolitics

    Quick Summary

    Iran threatens regional retaliation amid ongoing U.S.–Israel airstrikes while President Trump urges allies to send warships to secure the strategic Strait of Hormuz, as energy markets reel from disrupted oil flows and surging prices.

    Table of Contents

    • Escalation of U.S.-Iran Conflict and Global Oil Market Impact
    • U.S. Strikes and Presidential Rhetoric
    • Strait of Hormuz: Strategic Importance and Security Concerns
    • Prolonged Conflict and Regional Tensions
    • Oil Market Disruptions
    • 'Bombing the Hell Out of the Shoreline': International Responses
    • Allied Reactions and Coalition Efforts
    • Iranian Leadership and Public Messaging
    • Kharg Island Damage and Military Operations
    • Extent of Destruction
    • Iran's Response and Warnings
    • Strategic Importance of Fujairah

    Trump threatens more strikes on Iran's Kharg Island, pushes allies on Strait of Hormuz

    Escalation of U.S.-Iran Conflict and Global Oil Market Impact

    By Maya Gebeily, Emily Rose and Jarrett Renshaw

    U.S. Strikes and Presidential Rhetoric

    DUBAI/JERUSALEM, March 15 (Reuters) - U.S. President Donald Trump threatened further strikes on Iran's Kharg Island oil export hub and urged allies to send warships to secure the Strait of Hormuz, as Tehran vowed to step up its response and the war showed no sign on Sunday of coming to an end.

    Trump said the U.S. strikes had "totally demolished" most of Kharg Island and warned that more could follow, telling NBC News, "We may hit it a few more times just for fun." While he said Tehran appeared ready to make a deal to end the conflict, he added that "the terms aren't good enough yet."

    The comments marked an escalation in rhetoric from the president, who had previously said the U.S. targeted only military sites on Kharg. They also undercut diplomatic efforts, with three sources familiar with the situation telling Reuters that Trump's administration had already rebuffed efforts by Middle Eastern allies to start negotiations aimed at ending the war.

    Strait of Hormuz: Strategic Importance and Security Concerns

    Tehran's ability to stop shipping through the Strait of Hormuz, a major channel for oil and gas, poses a difficult problem for ⁠the U.S. and its allies. Energy prices are soaring as the war causes the biggest-ever disruption in oil supply.

    "The Countries of the World that ​receive Oil through the Hormuz Strait must take care of that passage, and we will help — ⁠A LOT!" Trump wrote in a social media post on Saturday. "The U.S. will also coordinate with those Countries so that ​everything goes quickly, smoothly, and well."

    Prolonged Conflict and Regional Tensions

    As the conflict stretched into its third week, both sides appeared to be digging in for an extended fight.

    Iran projected defiance, rejecting the possibility of any ceasefire until U.S. and Israeli airstrikes end.

    Iranian forces have kept up their strikes. A drone attack disrupted a major United Arab Emirates energy hub on Saturday and the U.S. warned U.S. citizens on Saturday to leave Iraq after a missile attack on the embassy in Baghdad overnight Friday.

    Since Israel and the United States began air attacks on Iran on February 28, the war has killed more than 2,000 people, mostly in Iran, according to reports from governments and state media. At least 15 were killed when an airstrike hit a refrigerator and heater factory in the central Iranian city of Isfahan, the semi-official Fars news agency said on Saturday.

    Iran called on civilians in the UAE to evacuate ports, docks and "American hideouts," saying U.S. forces had targeted Iran from those areas. The UAE denied that strikes on Iran's Kharg Island overnight Friday had come from its territory.

    Calling any facility associated with the United States a "legitimate target," Iran's Islamic Revolutionary Guard Corps urged all U.S. industries to move out of the region.

    Oil Market Disruptions

    Oil market disruptions looked unlikely to end soon. Some oil-loading operations were suspended in the UAE's Fujairah emirate, a global ship-refueling hub, after a drone attack, industry and trade sources said on Saturday. 

    The emirate's media office said a drone was intercepted, but civil defence forces as of late Saturday were still trying to put out a fire caused by falling debris.

    'Bombing the Hell Out of the Shoreline': International Responses

    Trump was spending the weekend at his Mar-a-Lago resort in Florida, where he kept a relatively low public profile on Saturday, aside from his NBC interview and several posts on his Truth Social account.

    In one post, the Republican president wrote that he hoped China, France, Japan, South Korea, Britain and others would send warships to the Strait of Hormuz. None of those countries gave any immediate indication they would do so.

    Allied Reactions and Coalition Efforts

    French officials said on Friday their government was pushing on with efforts to assemble a coalition to secure the Strait of Hormuz once the security situation stabilizes.

    A British Ministry of Defence spokesperson said on Saturday: "As we’ve said previously, we are currently discussing with our allies and partners a range of options to ensure the security of shipping in the region."

    Iranian Leadership and Public Messaging

    Supreme Leader Ayatollah Mojtaba Khamenei, who replaced his slain father, has said the Strait of Hormuz should ​remain closed.

    Separately, Iranian Foreign Minister Abbas Araqchi dismissed speculation from U.S. Defense Secretary Pete Hegseth that Khamenei was wounded and likely disfigured. "There is no problem with the new supreme leader. He sent his message yesterday, and he will perform his duties," Araqchi told MS Now.

    Khamenei has not appeared in public, instead issuing a statement on Thursday read by a television presenter.

    Kharg Island Damage and Military Operations

    Extent of Destruction

    Iran played down the extent of the damage on Kharg Island. The U.S. said it had targeted military, not energy industry, targets on the island, which is about 15 miles (24 km) off Iran's coastline in the Gulf.

    U.S. Central Command said it hit more than 90 sites on Kharg, including naval mine storage facilities, ‌missile ⁠storage bunkers and other military targets.

    Iran's Response and Warnings

    Araqchi said Iran would respond to any attack on its energy facilities. Iran's Ministry of Defense said on Saturday that nine ballistic missiles and 33 drones were launched from Iran towards the UAE.    

    Iran warned residents to leave areas near Jebel Ali port in Dubai, Khalifa port in Abu Dhabi and the UAE's Fujairah port and said it was targeting branches of U.S. banks in the Gulf. 

    Strategic Importance of Fujairah

    Fujairah, outside the Strait of Hormuz, is the outlet for about 1 million barrels per day of the UAE's Murban crude oil — a volume equal to about 1% of world demand.  

    (Reporting by Maya Gebeily in Dubai, Emily Rose in Jerusalem and Jarrett Renshaw in Palm Beach, Florida; Additional reporting by Reuters bureaux; Writing by Patricia Zengerle and Lisa Shumaker; Editing by Sergio Non and Chizu Nomiyama)

    Key Takeaways

    • •Iran has vowed to escalate retaliation across the Middle East and continues striking, including urging evacuation of UAE ports deemed “legitimate targets” (apnews.com)
    • •President Trump called on countries like China, France, Japan, South Korea and the UK to send warships to keep the Strait of Hormuz “open and safe,” though allies have only begun discussing options (axios.com)
    • •Oil markets are under severe strain: traffic through the Strait remains at a standstill, Brent crude has surged above $100 a barrel, and the IEA has released a record 400 million barrels from reserves to ease the crisis (apnews.com)

    References

    • The Latest: Iran threatens UAE ports as war enters its third week
    • Trump claims international coalition will send war ships to reopen the strait of Hormuz
    • Wealthy nations pledge record release of emergency oil reserves in a bid to calm surging prices

    Frequently Asked Questions about Trump calls for allies to help secure Strait of Hormuz as Iran vows to step up retaliation

    1Why is the Strait of Hormuz important to global energy markets?

    The Strait of Hormuz is a vital channel for oil and gas shipments. Disruption there impacts global energy prices and supply.

    2What actions has Trump requested regarding the Strait of Hormuz?

    Trump urged friendly nations to send warships to help secure the Strait of Hormuz and ensure safe passage for oil shipments.

    3How has Iran responded to recent airstrikes?

    Iran vowed to escalate retaliation across the Middle East and rejected any ceasefire until U.S. and Israeli attacks stop.

    4Which countries did Trump mention for supporting Strait of Hormuz security?

    Trump mentioned China, France, Japan, South Korea, and Britain as countries he hoped would send warships.

    5What impact have the attacks had on oil markets?

    The attacks disrupted major oil hubs, suspended some operations, and drove energy prices higher due to supply concerns.

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