Hegseth Tells Europe the Time for Freeriding Is Over

Watch on YouTube ↗  |  April 24, 2026 at 13:00  |  1:40  |  Bloomberg Markets

Summary

Defense Secretary Pete Hegseth announces a growing global naval blockade against Iran, seizing Iranian tankers and criticizing European and Asian allies for free riding. He urges allies to contribute more to maritime security, stating the Strait of Hormuz is more critical for Europe than the US.

  • Hegseth says a second aircraft carrier will join the blockade in days.
  • Two Iranian dark fleet ships were seized in the Indo-Pacific region.
  • The US blockade is described as growing and going global.
  • Hegseth criticizes Europe and Asia for relying on US protection for decades.
  • He states the time for free riding is over and demands capable allies.
  • He asserts that Europe needs the Strait of Hormuz more than the US does.
  • Hegseth calls on allies to take more action rather than hold conferences.
  • He reiterates that Iran has a chance to make a serious deal.
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