Trump says US may exit Iran war soon and threatens to quit NATO, as oil crisis escalates

Global oil supplies are expected to be hit twice as hard this month as in March, the International Energy Agency said on Wednesday, underlining the urgent need to resolve the conflict over Iran that U.S. President Donald Trump said could end soon.

While Trump signalled he could wind down the war within weeks even without a deal, he also scaled up threats to pull the United States out of the NATO defence alliance if European states did not help stop Iran blocking the Strait of Hormuz.