Trump: There is no need to restrict US oil exports

Golden Ten Data, May 8 – U.S. President Trump stated that there is no need to restrict U.S. oil or aviation fuel exports. "We don’t need them," Trump told reporters in Washington on Thursday. "And we have plenty of oil." The obstruction of the key shipping route, the Strait of Hormuz, has caused a sharp increase in U.S. energy exports, allowing the United States to surpass Saudi Arabia and become the world’s largest crude oil exporter. However, experts have continuously warned that America’s supply buffer capacity is nearing its limit, and it remains unclear how long such export levels can be sustained. Trump, however, dismissed these concerns and praised the significant growth in exports. "Ships are now turning away from their traditional routes to the Strait of Hormuz," he said. "Hundreds of vessels are heading to Texas, Louisiana, and Alaska, returning fully loaded and reaping big profits."