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Investment bank JP Morgan has projected that the final shipments of Gulf oil are nearing their destinations worldwide.
The United Kingdom is expected to receive its last delivery as early as next week, with most shipments to the UK scheduled to cease by April 10.
Similar timelines apply to much of Europe, signalling a wider disruption in the regional oil supply chain.
This development could have significant implications for energy availability and pricing across the UK and European markets, as reduced supply may intensify existing cost pressures.
On Tuesday afternoon, U.S. President Donald Trump stated that countries like the UK should take responsibility for securing the Strait of Hormuz themselves, as the U.S. will no longer be available to assist, just as the UK wasn’t there for the U.S. in the past.
Trump seemingly was hitting out at Sir Keir Starmer, saying “go get your own oil”, have some “delayed courage”, and go to the Strait of Hormuz and “just TAKE IT.”
This comes as the UK is set to receive its final shipment of jet fuel from the Middle East this week.
Airlines are facing a jet-fuel shortage, with the last known shipment due to arrive from the Middle East this week.
Trump wrote on his Truth Social: “All of those countries that can’t get jet fuel because of the Strait of Hormuz, like the United Kingdom, which refused to get involved in the decapitation of Iran, I have a suggestion for you: Number 1, buy from the U.S., we have plenty, and Number 2, build up some delayed courage, go to the Strait, and just TAKE IT.
“You’ll have to start learning how to fight for yourself, the U.S.A. won’t be there to help you anymore, just like you weren’t there for us. Iran has been, essentially, decimated. The hard part is done. Go get your own oil! President DJT.”
Starmer will lead a meeting of the Cobra crisis committee as the impact of the war in Iran on households becomes evident.
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