Energy Crisis in Persian Gulf: NATO Rejects Trump's Iran Intervention
The U.S. under Trump is calling on NATO allies to participate in military operations against Iran, but they are rejecting the request. The conflict in the Persian Gulf has developed into an unprecedented energy crisis. International Energy Agency chief Fatih Birol described the current situation as the worst energy crisis in history, more severe than the oil crisis of the 1970s. The confrontation in the Strait of Hormuz between Iran and the U.S. is causing significant market turmoil.