Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Trump says some countries are not enthusiastic about helping unblock Hormuz strait
    Finance

    Trump says some countries are not enthusiastic about helping unblock hormuz strait

    Published by Global Banking & Finance Review®

    Posted on March 16, 2026

    3 min read

    Last updated: March 16, 2026

    Trump says some countries are not enthusiastic about helping unblock Hormuz strait - Finance news and analysis from Global Banking & Finance Review
    Tags:FinanceMarketsglobal economyEnergy

    Quick Summary

    President Trump on March 16, 2026, urged nations to help reopen and police the Strait of Hormuz, but lamented that some longtime allies were not enthusiastic. The disruption has pushed oil prices higher, complicating U.S. economic goals ahead of midterm elections.

    Table of Contents

    • International Response and Economic Impact
    • Trump's Appeal to Allied Nations
    • Mixed Reactions from Allies

    Trump Calls on Allies to Help Reopen Strait of Hormuz Amid Oil Supply Crisis

    International Response and Economic Impact

    By Bo Erickson and Humeyra Pamuk

    Trump's Appeal to Allied Nations

    WASHINGTON, March 16 (Reuters) - President Donald Trump on Monday repeated his call to nations to help unblock the Strait of Hormuz, and complained that some were not very enthusiastic about providing help to Washington.

    Trump wants nations to help police the strait after Iran responded to U.S.-Israeli attacks by using drones, missiles and mines to ‌effectively close the channel for tankers that usually transport a fifth of global oil and liquefied natural gas.

    Mixed Reactions from Allies

    "Some are very enthusiastic about it, and some aren't. Some are countries that we've helped for many, many years. We've protected them from horrible outside sources, and they weren't that enthusiastic. And the level of enthusiasm matters to me," Trump said at an event at the White House.

    He also said some nations did say they would be willing to help but Trump did not utter the names of any countries.

    Market and Political Implications

    U.S. and Israeli strikes on Iran have jolted global energy markets, sending ​oil prices higher and raising gasoline costs for U.S. consumers. The surge threatens to complicate Trump's domestic economic ​agenda and could weigh on Republican prospects in November midterm elections.

    Allied Nations' Stance on Military Involvement

    Several U.S. allies said on Monday they had no immediate plans to send ships to unblock the Strait of Hormuz.

    Germany, Spain and Italy were among allies that ruled out participating in any mission in the Gulf, at least for now. Other countries were more circumspect, with Britain and Denmark saying they would consider ways they might help, but emphasising a need to de-escalate and avoid getting dragged into the war. France has said it will probably help. 

    U.S. Treasury and Oil Market Developments

    Earlier on Monday, Treasury Secretary Scott Bessent said the U.S. was "fine" with some Iranian, Indian and Chinese ships going through the Strait of Hormuz for now. Oil prices eased about 1% on Monday.

    Diplomatic and Military Tensions

    Without specifying which country or countries he spoke to, Trump relayed a conversation that appeared to be a plea for help that was rebuffed. "We have some countries where we have 45,000 soldiers ... protecting them from harm's way and we have done a great job. And well, we want to know, do you have any mine sweepers? Well, would rather not get involved, sir," he said.

    Over the weekend, Trump threatened further strikes on Iran's Kharg Island, which handles about 90% of the country's exports, after hitting military targets there and spurring further retaliation from Tehran. The U.S. is in contact with Iran, Trump said, though he doubted Tehran was prepared for serious talks to end the conflict.

    (Reporting by Bo Erickson, Humeyra Pamuk and Trevor Hunnicutt;Editing by David Ljunggren and Mark Porter)

    Key Takeaways

    • •Trump reiterated calls for a coalition to secure the Strait of Hormuz after Iranian drone, missile and mine activity effectively halted tanker traffic, and noted that some allies were unenthusiastic despite U.S. protection.
    • •Major European partners including Germany, Spain and Italy immediately ruled out participation; Britain and Denmark expressed cautious openness, while France indicated it would likely help.
    • •Global energy markets reacted sharply: oil prices rose above $100 per barrel on mounting supply fears, prompting an unprecedented 400 million‑barrel release from IEA emergency reserves to ease price pressures.

    Frequently Asked Questions about Trump says some countries are not enthusiastic about helping unblock Hormuz strait

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

    The Strait of Hormuz is a key shipping route for about a fifth of the world’s oil and liquefied natural gas, making it crucial for energy supplies and prices.

    2
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

  • Market and Political Implications
  • Allied Nations' Stance on Military Involvement
  • U.S. Treasury and Oil Market Developments
  • Diplomatic and Military Tensions
  • What actions has President Trump requested from other countries?

    Trump has asked other countries to assist in unblocking the Strait of Hormuz to ensure the safe passage of oil tankers, following Iranian responses to US-Israeli attacks.

    3How have US allies responded to calls for help in the Gulf?

    Several US allies, including Germany, Spain, and Italy, ruled out immediate participation, while Britain and Denmark remained cautious but open to supporting efforts.

    4How have recent events in the Strait of Hormuz affected oil prices?

    Tensions and closures in the strait have caused oil prices to rise, impacting global energy markets and increasing gasoline costs for US consumers.

    5What is the US position on allowing certain countries' ships through the strait?

    US officials indicated they are currently permitting Iranian, Indian, and Chinese ships to transit the Strait of Hormuz without interference.

    More from Finance

    Explore more articles in the Finance category

    Image for Close Brothers' shares tumble after being targeted by short seller; firm counters claims
    Close brothers' shares tumble after being targeted by short seller; firm counters claims
    Image for Factbox-Key players in UniCredit's pursuit of Commerzbank
    Factbox-Key players in UniCredit's pursuit of commerzbank
    Image for Czech president adds to criticism of government's defence spending cuts
    Czech president adds to criticism of government's defence spending cuts
    Image for EBRD weighs support to cushion emerging economies from Iran war fallout
    EBRD weighs support to cushion emerging economies from iran war fallout
    Image for EU border agency boat sinks off Megisti
    EU border agency boat sinks off megisti
    Image for Trump on Iran: we don't know if new leader is still alive
    Trump on iran: We don't know if new leader is still alive
    Image for EU has 'no appetite' to expand Mideast naval mission to Strait of Hormuz, Kallas says
    EU has 'no appetite' to expand mideast naval mission to strait of hormuz, kallas says
    Image for UK plans to double steel tariffs, Politico reports
    UK plans to double steel tariffs, politico reports
    Image for Kering forms new jewelry division
    Kering forms new jewelry division
    Image for Sweden threatens to restrict power exports over EU funding plan
    Sweden threatens to restrict power exports over EU funding plan
    Image for Nominations Open for Best New Islamic Project Finance Bank Saudi Arabia 2026
    Nominations open for best new islamic project finance bank Saudi Arabia 2026
    Image for Entries Now Open for Islamic Project Finance Excellence Award Kazakhstan 2026
    Entries now open for islamic project finance excellence award kazakhstan 2026
    View All Finance Posts
    Previous Finance PostUK plans to double steel tariffs, politico reports
    Next Finance PostKering forms new jewelry division