General Discussion

President Trump said Wednesday that oil reserves could have run out in four weeks if the Strait of Hormuz were not opened.

“We run out of reserves at about four weeks,” Trump said in France while at the Group of Seven summit, discussing the recent memorandum of understanding with Iran. “You know, there are reserves all over the world, and we would really run out, and there’ll be a time when you wouldn’t be able to get it.”

He said it would be “bedlam” if the oil ran out.

It’s not entirely clear whether Trump was referring to U.S. or global oil inventories. The White House declined to elaborate, referring The Hill back to Trump’s original remarks.