President Donald Trump stated on June 17, 2026, that oil reserves could be depleted within four weeks if the Strait of Hormuz remains closed. Speaking in France during the Group of Seven summit, Trump referenced a recent memorandum of understanding with Iran, saying, "We run out of reserves at about four weeks."
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Trump warns of potential oil reserve depletion without Iran deal
During the Group of Seven summit, President Trump expressed concerns that oil reserves could run out in four weeks if the Strait of Hormuz is not opened. He made these comments while discussing a memorandum of understanding with Iran.
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Original Headline
Trump says oil reserves would run out in 4 weeks without Iran deal, risking ‘bedlam’
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Trump warns of potential oil reserve depletion without Iran deal