"The more you can do save oil, especially diesel, especially jet fuel, the better off we are," said EU energy commissioner Jørgensen.

The national U.S. average reached $4 a gallon on March 30, the highest mark the country has seen since August of 2022.

Countries short of oil as a result of the Hormuz closure should either buy from the U.S. or “go to the Strait and TAKE IT,” Trump said.

While Trump has said it would be “an easy Military Operation,” European defense officials have warned it would be an incredibly complex and dangerous task. 

The United Nations warned last month that the U.S. campaign is having an “increasingly severe impact” on hospitals, public sanitation, water delivery and food distribution.

A trickle of cargo ships and tankers have made it through the strait of Hormuz since Iranian forces in effect blocked the strait.

Prolonged shortages could force production cuts and ripple through industries from electronics to automobiles.

Iran clarified this week that ships from “hostile” nations are barred from navigating the strait, but overall maritime traffic remains all but halted, tracking shows. 

A toll and promises of safe passage raise complicated questions for the shipping industry, eager to rescue crews and cargoes stuck in the Persian Gulf.

Roughly 98% of the Philippines' crude oil imports come from the Middle East, according to estimates from the Philippine Information Agency.