Why President Trump Has a Big Oil Problem

Our national security correspondent David E. Sanger looks at President Trump’s trouble handling retaliatory attacks by Iran that have largely choked off the Strait of Hormuz.

By David E. Sanger, Coleman Lowndes, Laura Salaberry, Nikolay Nikolov, Rafaela Balster, Alexandra Ostasiewicz and Whitney Shefte

March 24, 2026