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The European Union is weighing options to help keep the Strait of Hormuz open for global shipping

India Has No Special Deal for Ships Through Strait of Hormuz, Jaishankar Says  Altitudes Magazine

Pat McFadden says Trump running a ‘transactional presidency’ and that ‘our job is to navigate this’ Good morning. Keir Starmer is holding a press conference in Downing Street this morning. As Kiran Stacey reports, the PM’s main intention will be to announce support for people most hit by rising energy prices, particularly householders reliant on heating oil. The measures are expected to be worth tens of millions of pounds. But, inevitably, most of the focus likely to be on how Starmer responds to the latest provocations from Donald Trump. Continue reading...

Oil and gas prices are soaring. Some countries are ready with solar panels and EVs  NPR

DUBAI, March 16 (Reuters) - Oil loading operations have been suspended at the United Arab Emirates port of Fujairah, two sources told Reuters on Monday, after a drone attack sparked a fire in the emirate's petroleum industrial zone. Fujairah, located on the Gulf of Oman just outside the Strait of Hormuz, is typically a critical exit point for about 1 million barrels per day of the UAE's Murban crude - a volume equivalent to roughly 1% of global demand.

BRUSSELS, March 16 (Reuters) - EU foreign policy chief Kaja Kallas said on Monday she had discussed with the United Nations the idea of freeing up transport of oil and gas through the Strait of Hormuz by replicating a deal that gets grain out of Ukraine during wartime. Arriving at a meeting of EU foreign ministers in Brussels, Kallas said she had spoken to U.N. Secretary General Antonio Guterres about the idea to unblock the strait, currently choked off due to the Iran war.

Closing the Strait of Hormuz raised oil prices. It also raises the cost of bread.

EU weighs action to keep Strait of Hormuz open for shipping European Union foreign policy chief Kaja Kallas on Monday said the bloc is discussing ways to keep the Strait of Hormuz open amid rising tensions affecting global energy supplies. “It is in the interest of the European Union to keep the Strait of Hormuz open,” Kallas said, adding that officials had also discussed the issue with the UN secretary-general. She warned that closing the waterway would be “a very serious development for oil and energy supplies” as the war in Iran drives up oil prices. Kallas said the EU will discuss the possibility of "changing the mandate" of the Aspides Naval Mission, adding that America's easing of sanctions on Russian oil sets a "dangerous precedent". Mission Aspides is an EU naval mission to protect cargo ships in the Red Sea from attacks from Yemen's Houthis.

UK, Allies Refuse Trump Call to Send Warships as Strait of Hormuz Blocked  Kyiv Post

Tokyo's move comes as oil prices remain elevated amid the effective closure of the Strait of Hormuz.

Oil prices climb despite Trump moves to temper market  Axios

FACTBOX-Reactions to Trump's call for help to secure Strait of Hormuz  Japan Wire by Kyodo News

Strait of Hormuz: Which Ships Can Sail?  Politics Today

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By Tim Kelly and Jarrett Renshaw TOKYO/PALM BEACH, Florida, March 16 (Reuters) - Japan and Australia said on Monday they were not planning to send navy vessels to the Middle East to escort ships through the Strait of Hormuz, after U.S. President Donald Trump called on allies to create a coalition to reopen the vital waterway.

Report: CEOs of US oil giants warn Trump administration of energy crisis Chief executives of major US oil companies warned the Trump administration that the energy crisis triggered by the US-Israel war with Iran could worsen, The Wall Street Journal reported. The CEOs of Exxon, Chevron and ConocoPhillips told Energy Secretary Chris Wright and Interior Secretary Doug Burgum that disruptions to shipping through the Strait of Hormuz are likely to continue creating volatility in global energy markets, the report said.

Japan said Monday it was not currently thinking about ordering maritime security operations, after US President Donald Trump called for other countries to send warships to help protect the Strait of Hormuz. "In the current Iran situation, we are not at the moment considering issuing a maritime security operation," Defence Minister Shinjiro Koizumi told parliament. Trump called for reinforcements on Saturday from countries including Japan after earlier vowing that the US Navy would "very soon" begin escorting tankers through the vital shipping lane for oil in the Middle East.

Charles Kupchan says the US and allies are reluctant to use military means to safeguard the Strait of Hormuz.

March 16 (Reuters) - U.S. President Donald Trump called on allies over the weekend to help secure the Strait of Hormuz as Iranian forces continue attacks on the vital waterway amid the U.S.-Israeli war on Iran, now in its third week. Trump said his administration has already contacted seven countries, but declined to identify them. In an earlier social media post, he said that he hoped China, France, Japan, South Korea, Britain and others would participate.