President Donald Trump on Monday called for the U.S. and other oil-producing economies to pump more oil as crude prices remain volatile following U.S. strikes on Iranian nuclear facilities.
Trump urged stepped-up production as the White House sharpened its warnings to Iran against closing the Strait of Hormuz, a vital oil and gas shipping lane, in retaliation for the U.S. strikes on Iran’s nuclear program.
“To the Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!” Trump posted on social media.
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Other news we’re following:
NATO summit begins Tuesday: Trump and his NATO counterparts will meet to discuss a new defense spending pledge, though the event could be overshadowed by the Trump administration’s decision to strike Iran.Mahmoud Khalil released from immigration detention: The Columbia University activist was freed after 104 days of imprisonment as the Trump administration seeks to deport Khalil over his role in pro-Palestinian protests and espousing what it calls “pro-Hamas” language.Kilmar Abrego Garcia ordered to be released: A federal judge wants Abrego Garcia out while he awaits a federal trial on human smuggling charges. Immigration and Customs Enforcement will likely try to detain him upon release. The judge has scheduled a Wednesday hearing to discuss his release.
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