US EditionTrump Seeks to Lower Oil Prices with Strait of Hormuz Pressure
Trump proposes controlling the Strait of Hormuz to secure oil flow amid regional conflict, where about 20% of the world's oil supply passes through, oil prices surged over 30%.
- On Monday, United States President Donald Trump said he was 'thinking about taking over' the Strait of Hormuz in a CBS News interview but did not provide operational details.
- The war entered its 11th day on Tuesday and Iran has threatened ships in the Strait of Hormuz, risking about one-fifth of the world’s oil supply amid regional attacks in Bahrain, Kuwait, the United Arab Emirates and Saudi Arabia.
- Saudi Aramco shut the Ras Tanura refinery after a fire linked to debris from intercepted Iranian drones, while QatarEnergy halted LNG last week, pushing Brent crude above 119.
- Donald Trump warned Iran it would be hit 'TWENTY TIMES HARDER' if it stopped oil flows, while Scott Lucas said Gulf states might seek a US pullback if mid-term elections in November increase domestic pressures.
- On Tuesday, the IRGC adviser wrote 'The strait is closed' and warned oil could reach $200, as Iran threatened ships passing through the Strait of Hormuz, risking about one-fifth of global oil supply.
28 Articles
28 Articles
President Trump has assured that the war with Iran is “practically over” and that he is considering “taking control” of the Strait of Ormuz.
Trump threatened Iran for the Strait of Hormuz, and the regime reiterated that it had no intention of negotiating
Trump seeks to lower oil prices with Strait of Hormuz pressure
President Trump is betting on his “fire and fury” rhetoric to reopen the Strait of Hormuz and avoid an oil crisis prompted by his war with Iran. But the strategy, which includes the possibility of Navy warships escorting tankers through the critical waterway or even a U.S. takeover of the area, has not prompted any…
Trump must not lose the battle for the Strait of Hormuz
I still believe that it was unwise to launch this war. President Donald Trump should have instead responded to Iran’s massacre of its own people and — associated breach of his red-line — by using potent but limited force against the Islamic Revolutionary Guard Corps. But now the war is upon us. And while Trump should pursue broader off-ramps to end this war sooner rather than later, he must not allow Iran to secure a strategic victory in the Str…
Iran war: Can Trump really take over Strait of Hormuz as he threatened?
Iran war: Donald Trump on Tuesday said he is considering taking over the Strait of Hormuz and that the US Navy could begin escorting oil tankers through the strait ‘if necessary’. The problem for Trump is that under international maritime law, no single nation controls the Strait of Hormuz
Trump Drops Major Hint, Suggests Iran War Will Be Over Soon
President Donald Trump dropped a major hint Monday that the Iran conflict may be nearing its end, saying the war could be over “very soon” and floating the idea of U.S. control over the Strait of Hormuz as markets swung on the latest developments. Trump told CBS News in a phone conversation that he was considering seizing control of the Strait of Hormuz, the world’s most important oil chokepoint. He also suggested the fighting has largely run it…
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