Oil Plummets As NATO Mulls Hormuz Deployment If Strait Not Open By July

ZeroHedge
2026.05.19 14:17
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NATO is considering deploying military assets to reopen the Strait of Hormuz if it remains blocked by July. This announcement comes amid stalled US-Iran peace talks, causing oil prices to plummet. While some NATO members support the idea, unanimous agreement is still needed. A NATO summit is scheduled for July 7-8 to discuss this and other military concerns.