An Exxon gas station is seen in Houston, Texas, on March 16, 2026. Oil prices retreated and equities rose Monday as investors remained focused on the Strait of Hormuz, with US allies pushing back against President Donald Trump's demands to help reopen the key waterway to oil and natural gas tankers. (Photo by RONALDO SCHEMIDT / AFP via Getty Images)

Gasoline prices are seen at a Shell gas station in Houston, Texas, on March 16, 2026. Oil prices retreated and equities rose Monday as investors remained focused on the Strait of Hormuz, with US allies pushing back against President Donald Trump's demands to help reopen the key waterway to oil and natural gas tankers. (Photo by RONALDO SCHEMIDT / AFP via Getty Images)

Gasoline prices are seen at a Chevron gas station in Houston, Texas, on March 16, 2026. Oil prices retreated and equities rose Monday as investors remained focused on the Strait of Hormuz, with US allies pushing back against President Donald Trump's demands to help reopen the key waterway to oil and natural gas tankers. (Photo by RONALDO SCHEMIDT / AFP via Getty Images)

Gasoline prices are seen at a Chevron gas station in Houston, Texas, on March 16, 2026. Oil prices retreated and equities rose Monday as investors remained focused on the Strait of Hormuz, with US allies pushing back against President Donald Trump's demands to help reopen the key waterway to oil and natural gas tankers. (Photo by RONALDO SCHEMIDT / AFP via Getty Images)

A man uses a gas pump at a Shell gas station in Houston, Texas, on March 16, 2026. Oil prices retreated and equities rose Monday as investors remained focused on the Strait of Hormuz, with US allies pushing back against President Donald Trump's demands to help reopen the key waterway to oil and natural gas tankers. (Photo by RONALDO SCHEMIDT / AFP via Getty Images)

Gasoline prices are seen at a Texaco gas station in Houston, Texas, on March 16, 2026. Oil prices retreated and equities rose Monday as investors remained focused on the Strait of Hormuz, with US allies pushing back against President Donald Trump's demands to help reopen the key waterway to oil and natural gas tankers. (Photo by RONALDO SCHEMIDT / AFP via Getty Images)

Gasoline prices are seen at a Shell gas station in Houston, Texas, on March 16, 2026. Oil prices retreated and equities rose Monday as investors remained focused on the Strait of Hormuz, with US allies pushing back against President Donald Trump's demands to help reopen the key waterway to oil and natural gas tankers. (Photo by RONALDO SCHEMIDT / AFP via Getty Images)

Belgium's Prime Minister Bart De Wever tlooks on during a reception of the VBO/ FEB Federation of Enterprises in Belgium, in Brussels on March 16, 2026. (Photo by DIRK WAEM / Belga / AFP via Getty Images) / Belgium OUT