Iran defiant on strait as Trump tells Americans to accept high gas prices
Only two vessels passed through the Strait of Hormuz on Friday, while average U.S. gasoline prices rose 29% from a year earlier, the AAA said.
- On Friday evening, August 14, an Abu Dhabi National Oil Company vessel came under attack while transiting the Strait of Hormuz, with only two vessels passing through compared to more than 130 daily before the war began February 28.
- Tehran has imposed an effective blockade of the strait since the war began in February, carrying out strikes on commercial ships; Deputy Foreign Minister Kazem Gharibabadi declared early Saturday that Iran will enforce it until the U.S. accepts defeat.
- At a Garden City rally, President Trump justified paying "a tiny little bit more for your gasoline" to prevent "a very evil country" from obtaining nuclear weapons, as prices surged to about $4.08 per gallon, up 29% annually.
- Treasury Secretary Scott Bessent pledged Thursday that new financial measures against Iran are coming next week, while Iranian Foreign Minister Abbas Araqchi rejected restarting negotiations as mediation by Qatar and Pakistan has stalled.
- Regional tensions escalated Friday as Iran-backed Houthis killed four civilians in a Red Sea missile strike on Mocha and targeted Saudi Aramco with a drone, while crude oil futures gained 6.0% to 5.4% weekly and Democrats targeted Trump's energy-cost promise in November midterm elections.
62 Articles
62 Articles
Iran stands firm on Hormuz, Trump asks Americans to brace for higher gas prices
Iran told the United States to accept defeat as it asserted control over the Strait of Hormuz. The standoff has kept shipping severely disrupted, lifted oil prices and left diplomacy stalled.
Trump Tells Americans To Accept High Gas Prices As Iran Remains Defiant On Strait Of Hormuz
“The Strait of Hormuz cannot be seized by a tweet or an aircraft carrier, by issuing an order or by delivering an election speech,” said Iran’s Deputy Foreign Minister Kazem Gharibabadi.
Iran asked the United States to accept the defeat, while President Donald Trump classified the country as a very evil one and told the Americans to prepare for the continuation of high fuel prices due to the war. The advance of peace negotiations and oil trade by the strategic Strait of Ormuz remained paralyzed, with no sign that the parties to the conflict were moving to end the war initiated by the United States and Israel on 28 February.
Iran mocks Trump’s Hormuz ambitions as ‘fanciful delusions’
The US president has threatened to declare the waterway “a territory” of his country after “defeating” the Islamic Republic The Strait of Hormuz will remain under Tehran’s control, the Iranian Foreign Ministry has said, calling on Washington to “stop indulging in delusions.” The statement comes in response to President Donald Trump saying he would soon...
Iran Dismisses Trump Idea as 'Fanciful Delusion'
Tehran on Saturday dismissed as fantasy President Trump's idea to one day declare the Strait of Hormuz "a territory of the United States." NBC News reports Deputy Foreign Minister Kazem Gharibabadi wrote that the narrow oil chokepoint "cannot be seized with a tweet" and would be opened or closed only...
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