Trump Pressures NATO and China to Reopen Strait of Hormuz; European Leaders Refuse

President Trump chastised allied nations for their lack of 'enthusiasm' in joining a coalition to secure freedom of navigation through the Strait of Hormuz. European leaders rejected the demand, viewing it as an ask to backstop a war they were not consulted on. Daily oil exports from the Gulf dropped at least 60% in the week to March 15 compared to February, with the effective Hormuz closure forcing exporters to cancel shipments and shut oilfield production.