Was the world running out of oil? Trump’s shock admission at G7 meet: ‘We were about to run out...’

U.S. President Donald Trump has claimed that the world was only weeks away from running out of oil before a recent agreement helped ease tensions with Iran. Speaking at the G7 Summit in France, Trump said global reserves were dangerously low and warned that continued conflict could have triggered a major energy crisis and disrupted global shipping routes. He pointed to the Strait of Hormuz, a critical passage for global oil trade, suggesting that tanker movement could have stopped entirely without a deal. His remarks come amid ongoing debate over energy security, military pressure, and the stability of global oil supply chains.