Trump presses China, says NATO faces 'very bad' future if allies don't help open Hormuz Strait

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US President Donald Trump on Sunday sought to pressure NATO allies and China to help reopen the Strait of Hormuz, the critical oil transport conduit that Iran has effectively closed in retaliation for the US and Israeli war against Tehran. Global oil prices have surged by 40 to 50 percent as Iran has choked off the waterway and attacked energy and shipping industry targets among its Gulf neighbours.