economy
April 17, 2026
Trump aims to “rewire” global oil flows away from Hormuz, with Europe set to be hit hardest, expert says
OPEC’s 25% output drop is expected as the US tries to shift global energy flows away from the Strait of Hormuz, warning Europe will be the primary loser, Tom Luongo has told RT
TL;DR
- US President Donald Trump is attempting to control the global oil market by shifting energy focus from the Persian Gulf to the Gulf of Mexico.
- This strategy is expected to result in a sharp drop in OPEC oil production and a reshaping of global energy flows away from the Strait of Hormuz.
- Europe is identified as the biggest loser, being most vulnerable due to its heavy reliance on Middle Eastern oil, especially after sanctioning Russian supplies.
- The market is currently saturated, with nearly a billion barrels of oil in tankers and storage facilities.
- OPEC oil production saw its steepest monthly drop in at least 40 years in March, throttling exports from several Middle Eastern countries.
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