Trump Breaks the Ceasefire with Iran: Oil Rises and Spain Suffers Another Energy Shock
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Donald Trump claimed that the ceasefire with Iran went down and ruled out continuing any negotiation process with the Iranian government.The U.S. and Iran exchanged new attacks following incidents in the Strait of Ormuz, a key area for world oil trade.The U.S. president threatened to expand military operations against Iranian strategic infrastructure, including Jarg's oil island. Trump declares the agreement with Iran to be over U.S. President D…
The oil has skyrocketed 6% in a matter of hours. Donald Trump has broken the ceasefire with Iran and Spain, which imports 60% of the crude oil it consumes, already notes the blow on its energy bill. Indignometer Level of impact for Spain: 9/10. The escalation triggers the cost of the crude that Spain imports in 60% of the total, according to CORES data, and threatens to reactivate energy inflation in full recovery. The breakdown of the ceasefire…
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