US discusses coalition to escort ships through Strait of Hormuz

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In an interview with Financial Times, Trump also said that it would be "very bad for the future of NATO" if allies do not help secure the Strait of Hormuz. Japan has just started to release oil from its reserves as part of a coordinated attempt to try to reduce global oil prices, which have risen since the US-Israeli war on Iran began. And we'll be going live to Los Angeles as the Oscars biggest movie awards ceremony wraps up. The political thriller One Battle After Another has been the biggest winner of the night. (Photo: The Liberia flagged tanker Shenlong, carrying crude oil from Saudi Arabia to India via the Strait of Hormuz; Credit:/Divyakant Solanki/ EPA/Shutterstock)