EnergyReader · 2026-08-02 00:11

Trump's Trade Threat Puts Spain's US Crude Dependence to the Test

By EnergyReader Newsroom · August 2, 2026

Donald Trump's July 8 (2026-07-08) order to halt trade with Spain has not yet become an energy embargo, but an oilprice.com analysis published July 31 (2026-07-31) laid out precisely how exposed Madrid has become. It was the second such threat in four months, delivered directly to Treasury Secretary Scott Bessent after Spain refused to commit 5% of GDP to defence spending and declined to support US operations against Iran.

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