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

Key Points:

• The International Energy Agency (IEA) warned that global oil supplies will be impacted twice as severely in April compared to March due to Iran's blockade of the Strait of Hormuz, causing jet fuel and diesel shortages expected to spread from Asia to Europe.
• President Donald Trump indicated that the U.S. could end its conflict with Iran within weeks, even without a diplomatic deal, while simultaneously threatening to withdraw the U.S. from NATO if European allies do not help stop Iran's actions.
• Trump criticized NATO as ineffective, calling it a "paper tiger," and emphasized shifting U.S. policy on the Iran conflict, which has caused thousands of deaths and significant regional instability.
• The White House announced that Trump would address the nation to provide an update on the Iran situation, while Senator Marco Rubio suggested a potential direct U.S.-Iran meeting could happen in the near future, signaling possible progress toward conflict resolution.
• The ongoing conflict has disrupted global businesses beyond energy markets, affecting industries such as cosmetics and tea, highlighting the broader economic fallout.