Trump Accuses Iran of Making up Fake Strikes on Ships to Drive up Oil Prices
Trump said Iran fabricated tanker attacks to lift oil prices, while Brent crude rose about 4% to more than $113 a barrel.
- On Thursday, President Trump accused Iran of fabricating reports of attacks on seven oil tankers in the Strait of Hormuz, alleging the Islamic Republic is inflating prices ahead of the November 3 midterm elections.
- Iran's Revolutionary Guard reported seven tankers were struck overnight Wednesday, yet Washington's denial failed to calm markets as traders weighed conflicting accounts of security conditions in the vital waterway.
- Brent crude prices climbed about 4 percent to more than $113 a barrel, marking a five-month high as traders reacted to the escalating rhetoric surrounding the strait.
- U.S. Central Command disputed the mine claims, stating Iran is using missiles and drones; a senior Revolutionary Guard official meanwhile threatened to destroy undersea internet cables if the U.S. launches new strikes.
- Escalating regional hostilities include recent Iran-backed Houthi missile strikes on Aden, prompting the State Department to issue security warnings to Americans across the Middle East regarding potential flight cancellations and airspace closures.
35 Articles
35 Articles
Trump accused Iran of trying to artificially raise oil prices ahead of the US elections Trump <p>said Iran was spreading fakes about attacks in the Strait of Hormuz to raise oil prices ahead of the US elections. He also He accused Tehran of killing protesters.</p>
Daily Memo: Changes in US Troop Presence in the Middle East
Troop movements. The U.S. has reportedly been reducing the number of troops stationed at bases across the Middle East in recent days. Troop presence has declined in Jordan, Qatar and Kuwait, a similar pattern to what occurred before the U.S. began military operations against Iran in February. A spokesperson for U.S. Central Command said service […]
Trump secretly admits defeat to Iran, his troops start fleeing gulf? US' public threats just drama?
The United States has reportedly reduced its military footprint across the Gulf and wider Middle East amid security concerns linked to Iranian and Houthi threats, according to CBS News. Citing two U.S. officials, CBS reported that American forces were reducing their presence across the Gulf, following an earlier NBC News report that U.S. troops were leaving some military posts. U.S. Central Command said American forces regularly reposition perso…
Washington fears further attacks in the region following increased hostilities against Saudi civilian and energy infrastructure.
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