Trump Declares Starmer Will Resign, Blames North Sea Oil Ban

Source Beincrypto

Donald Trump has all but confirmed reports that UK Prime Minister Keir Starmer is set to resign, singling out his government’s ban on new North Sea oil licences as a central cause of his political collapse.

In a Truth Social post on Saturday, June 21, Trump wrote that Starmer had “failed badly” on two issues, immigration and energy, demanding the UK “open North Sea oil.”

North Sea Ban Under Fire as Energy Bills Surge

The UK government announced on November 26, 2025 that it would grant no new oil and gas exploration licenses. It became the largest economy to take that step. The move drew immediate criticism, and its political cost has grown sharply since.

 Donald Trump took to Truth Social to stated Keir Starmer would step downWith nothing confirmed yet, Donald Trump took to Truth Social to stated Keir Starmer would step down. Image Source: Truth Social

The ongoing US-Israel conflict with Iran disrupted oil and gas flows across the Middle East and triggered a sharp rise in UK energy prices. Since the outbreak of the conflict, Brent crude surged from around $73 a barrel to nearly $114 — while June gas futures on the Dutch TTF jumped nearly 50%.

The impact of the conflict is clearly visible on the six-month price chart for Brent CrudeThe impact of the conflict is clearly visible on the six-month price chart for Brent Crude. Image Source: Trading Economics

Ofgem confirmed a 13% rise in the household energy price cap from July. This lifted the annual dual-fuel bill from £1,641 to £1,862, with gas bills climbing 24% and electricity rising 5%.

Critics have pointed to the North Sea ban as compounding British exposure to that shock. Although analysts from Oxford’s Smith School note that even maximum North Sea extraction would save households only between £16 and £82 per year. This is because any domestic oil is sold at global market prices regardless of origin.

Starmer’s Position Collapses

Trump had previously told reporters that Starmer is “a nice man” but warned he needed to “straighten out immigration” and “start drilling”. Sunday’s post dropped the ambiguity entirely.

Starmer’s political position had weakened significantly following major losses in local elections. Andy Burnham’s decisive win in the Makerfield by-election didn’t help either. There are also around 100 Labour MPs formally requesting his resignation.

UK media reported widely on Sunday that an announcement was expected Monday.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Hedera Price Analysis: HBAR defies $50B market dip as Nvidia confirms AI partnershipHedera maintains strength above $0.15, signaling investor confidence as NVIDIA’s AI integration boosts long-term bullish sentiment and breakout potential.
Author  FXStreet
Apr 09, 2025
Hedera maintains strength above $0.15, signaling investor confidence as NVIDIA’s AI integration boosts long-term bullish sentiment and breakout potential.
placeholder
Why Mantra token’s dramatic 90% crash wiped out $5.2B market shareMantra (OM) price hovered at $0.83 during the Asian session on Monday, following a massive 90% crash from $6.33 on Sunday. The crash wiped out $5.2 billion in the token’s market capitalization, quickly drawing comparisons to the infamous collapse of Terra LUNA and FTX in 2022.
Author  FXStreet
Apr 14, 2025
Mantra (OM) price hovered at $0.83 during the Asian session on Monday, following a massive 90% crash from $6.33 on Sunday. The crash wiped out $5.2 billion in the token’s market capitalization, quickly drawing comparisons to the infamous collapse of Terra LUNA and FTX in 2022.
placeholder
Tron’s 374% Profit-Taking Spree Uncovered—Here’s Who Was Behind ItOn-chain data shows Tron (TRX) observed a large profit-taking spike earlier in the month. Which type of holder was responsible for the move? Tron SOPR Saw A Huge Spike Earlier In The Month In a
Author  NewsBTC
Jun 25, 2025
On-chain data shows Tron (TRX) observed a large profit-taking spike earlier in the month. Which type of holder was responsible for the move? Tron SOPR Saw A Huge Spike Earlier In The Month In a
placeholder
OpenAI Considers Funding Brain Implant Startup to Challenge Musk’s Neuralink – ReportsOpenAI and its co-founder Sam Altman are preparing to back a new startup aiming to rival Elon Musk’s Neuralink in the development of brain-computer interface (BCI) technology, multiple sources revealed on Tuesday.
Author  Mitrade
Aug 13, 2025
OpenAI and its co-founder Sam Altman are preparing to back a new startup aiming to rival Elon Musk’s Neuralink in the development of brain-computer interface (BCI) technology, multiple sources revealed on Tuesday.
placeholder
Tom Lee’s BitMine Adds Another $42 Million in Ethereum Despite Crypto WinterBitMine, the largest corporate holder of Ethereum, has capitalized on the digital asset’s recent price volatility to expand its treasury holdings.On February 7, blockchain analysis platform Lookonchai
Author  Beincrypto
Feb 09, Mon
BitMine, the largest corporate holder of Ethereum, has capitalized on the digital asset’s recent price volatility to expand its treasury holdings.On February 7, blockchain analysis platform Lookonchai
goTop
quote