Trump Admits U.S. Was Weeks Away From “Running Out Of Reserves” When Iran Deal Struck
June 17th, 2026“It’s all fun and games as long as the U.S. and China keep releasing oil from their reserves…”
—Why Aren’t Oil Prices Higher?
And what is this alleged deal?
I haven’t posted about any deal between the U.S. and Iran, because no details have been released. Update/Just released: Full Text “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran”
Via: ZeroHedge:
President Trump’s comment at the tail end of the G7 press conference about rapidly depleting crude reserves may have been the clearest admission yet of what is really driving the urgent push for an MoU with Iran to reopen the Strait of Hormuz.
“We run out of reserves in about four weeks,” Trump told reporters.
Trump said the world would have run out of oil reserves in 4 weeks, put pressure for a peace agreement.
