U.S President Trump touts Greenland oil riches, strategic location
MG News | October 14, 2026 at 04:52 PM GMT+05:00
October 14, 2026 (MLN): US President Donald Trump has
indicated that large-scale oil, gas and mineral exploration is about to begin
in Greenland, claiming the Arctic island holds some of the world’s largest
easily accessible oil reserves at a time when global energy prices remain
elevated.
In a Truth Social post, President Trump referred to Greenland as our new and beautiful territory and
suggested that some experts rank its reserves among the biggest and most
accessible anywhere.
The post comes more than seven months
into the war in Iran, which has kept energy prices high.
President Trump also stressed the
island’s strategic value, arguing that any future attack on the US would have
to pass over Greenland, where American defences would be positioned to
intercept drones, missiles and even weapons not yet devised.
He said the location offered a
combination of time, position and sightline that no other place in the world
could match.
His remarks follow a September
agreement between Washington, Denmark and Greenland to expand the US military
footprint on the island, including more bases and missile defence capabilities,
APP reported.
Despite President Trump’s wording,
Greenland remains a self-governing territory within Denmark, and the agreement
recognises Danish sovereignty and the right of Greenlanders to determine their
own future.
Greenland stopped issuing new oil and
gas exploration licences in 2021 on environmental and climate grounds, though
licences granted earlier remain valid.
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