Trump tells allies to ‘get your own oil’ – Hormuz standoff could raise oil prices. How to protect your wallet

Moneywise and Yahoo Finance LLC may receive a commission or fee for linking to the content below.

President Donald Trump is telling America’s allies to protect their own oil as tensions around Iran and the Strait of Hormuz escalate – a change that could affect global energy markets and hit consumers at home.

“You must first learn to fight for yourself, the USA will no longer be there to help you,” he wrote on the website Truth Social (1). “The hard part is over. Go get your own oil!”

These words come as key allies, namely the United Kingdom, France and Germany, want withdrawal instead of direct military involvement.

“No one can imagine that the questions of Iran’s nuclear program, ballistic activity [and] the destruction of the region will be solved by strikes alone,” said French President Emmanuel Macron at an emergency security meeting in February (2).

Trump’s comments highlight the widening gap between America and some of its closest allies. Several European allies have favored political solutions over retaliatory strikes, and Washington’s divisions may make it difficult to cooperate on global energy security.

“All those countries that can’t get jet fuel because of the Strait of Hormuz, like the United Kingdom, which has refused to get involved in the destruction of Iran,” wrote Trump (1), “I have a suggestion for you: Number 1, buy from the US, we have a lot, and Number 2, build delayed courage, go to the Strait, and just TAKE IT.”

If macroeconomics are not aligned, global supply chains can be more fragile and less predictable (3).

In energy markets, that kind of fragmentation can increase price volatility, as countries compete for limited supply instead of pooling access. Uncertainty has begun to be felt in global oil markets.

Read More: I’m in my late 50s and have no retirement savings. Is it too late?

The Strait of Hormuz is one of the most important oil drains in the world, with about a fifth of the world’s petroleum liquids passing through the narrow waterway every day by 2024 (4).

Disruptions in the region have already begun to affect supply chains – especially for jet fuel, which has reportedly doubled in price – leaving the country’s dependent economies exposed (5).

When oil supplies are tight, prices tend to rise, and those increases are not always concentrated in energy markets. They enter the economic cycle and fall into the hands of consumers.

For example, higher crude prices can increase fuel prices, airline tickets and transportation costs, contributing to broader inflation. This will increase the cost of borrowing for households and businesses, and make everyday expenses like groceries more expensive.

Oil markets have begun to show growing uncertainty, with traders reacting to both supply disruptions and the risk of wider regional conflict.

Historically, global shocks related to oil supply can cause sharp price increases – although most tend to stabilize within a year (6).

But this time, there are signs that the impact could be long-lasting.

Reports suggest that 30% to 40% of the Gulf’s energy infrastructure has been damaged or destroyed, which may limit refining capacity and reduce any supply gains (7).

The longer disruptions continue, the more likely it is that energy costs will rise across the wider economy.

For everyday investors, navigating the markets during a conflict is tricky. Markets react quickly to headlines, and often by the time the headline reaches you, the time to go has passed.

Oil supply disruptions, changing alliances and inflation risk can all lead to sudden price changes, often before the full economic impact is clear.

Although these times may not feel urgent, reacting too quickly can sometimes do more harm than good. After all, markets tend to stabilize after a global shock, even if the path to getting there is volatile.

That’s why most investors don’t focus much on predicting the market and more on building a strategy that can hold in most situations.

This often means balancing stability with opportunity: Keep some assets liquid, maintain diversification and avoid exposure to any one outcome.

For some, that starts with getting a clear picture of their overall financial plan.

A financial advisor can help crunch the numbers and create a plan that works.

Advisor.com can help you develop your strategy by connecting you with a financial professional near you for free. Also, their network includes fiduciaries, who are required by law to act in your best interest.

Simply enter a few details about your finances and goals, and Advisor.com’s AI-powered matching tool will connect you with the professional who best suits your needs based on your unique financial goals and preferences.

Finding the right advisor isn’t always easy — there’s no one-size-fits-all solution. That’s why Advisor.com allows you to set up a free, no-obligation initial consultation to see if they’re right for you.

Once you have the right financial advisor in your corner, the next step is to get a clear picture of where your money is really going. From there, some investors choose to complement their strategy with assets designed for climate change, especially during times of global volatility.

One asset used to fight inflation is gold, which has historically been called upon during times of market volatility to maintain stability.

If you’re looking for a great way to invest in gold that offers significant tax benefits, you might consider opening a gold IRA with the help of Priority Gold.

Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, combining the tax benefits of an IRA with the protective benefits of investing in gold. This makes it an attractive option for those who want to hedge their retirement savings against economic uncertainty.

Download their free information guide today to learn how you can get up to $10,000 in free silver on qualifying purchases.

Although gold is often seen as a store of value in uncertain times, it does not generate money by itself. This is why some are also looking at assets that can generate cash flow even in volatile economic conditions.

Rental properties have long been a proven source of solid, passive income for high net worth investors. It is no wonder that real estate accounts for about 25% of the typical family office portfolio, according to the 2025 UBS report (8).

However, the time, effort and costs involved in managing and maintaining multiple properties prevent many from investing. So, unless you’re a hedge fund titan or an oil baron, you’re locked out of one of the most lucrative corners of the market.

This is where the mogul comes in. This real estate investment platform offers limited ownership in blue-chip rental properties, offering investors monthly rental income, real-time appraisals and tax benefits – without the need for high fees or late-night tenant calls.

Founded by former Goldman Sachs investors, the mogul’s team selects the top 1% of single-family rental properties nationwide. Simply put, you can invest in institutional quality offerings for a fraction of the normal cost.

Each building undergoes a testing process that requires a return of at least 12%, even in extreme cases. Across the board, the platform features an average annual IRR of 18.8%. Their cash yield, on the other hand, is between 10% to 12% per year. Offerings typically sell out in less than three hours, with investments typically ranging between $15,000 and $40,000 per property.

All investments are protected by real assets and do not depend on the performance of the platform. Each property is held in a private Propco LLC, so investors own the property – not the field. Blockchain-based fractionalization adds a layer of security, ensuring a permanent, verifiable record of each stake.

Getting started is quick and easy. You can register for an account and browse available properties. Once you confirm your experience with their team, you can invest like a mogul with just a few clicks.

Income-producing assets such as real estate can help build long-term wealth, but they are not without risk, especially when markets fluctuate. Building a solid, liquid foundation that you can rely on in uncertain situations is essential to protecting your financial well-being.

A high-yield account like a Wealthfront Cash account can be a great place to grow your uninvested cash, giving you both competitive interest rates and easy access to your money when you need it.

The Wealthfront Cash account currently offers a base APY of 3.30% through program banks, and new customers can earn an additional 0.75% during their first three months up to $150,000 for a total APY of 4.05%.

That’s ten times the national deposit savings rate, according to a March FDIC report.

Additionally, Wealthfront offers new customers who enable direct deposit ($1,000/mo minimum) into their Money Account and open and fund a new investment account a 0.25% APY increase with no expiration date or balance limit, meaning your APY could be as high as 4.30%.

With no minimum balance or account fees, 24/7 withdrawals and free domestic transfers, your funds are always accessible.

Plus, you get access to FDIC Insurance eligibility up to $8M through program banks.

Join 250,000+ readers and get the best Moneywise news and exclusive interviews first — insightful information handpicked and delivered every week. Register now.

We rely only on vetted sources and reliable third-party reporting. For details, see our editorial ethics and guidelines.

@realDonaldTrump (1); PBS (2); World Economic Forum (3); Energy Research Center (4); Anadolu Agency (5); Hartford Funds (6); France 24 (7); UBS (8)

This article provides information only and should not be construed as advice. Offered without warranty of any kind.