US EditionOil Prices Dip as Trump Claims Iran Is In
- On Tuesday, President Donald Trump posted on Truth Social that Iran had "informed" his administration it was in a "state of collapse" and urgently wanted the Strait of Hormuz reopened.
- Nine weeks of conflict have left the Strait of Hormuz effectively closed, blocking roughly 20% of global seaborne oil and LNG, while the United States maintains a blockade of Iranian ports amid stalled negotiations.
- Oil prices have surged roughly 55% since late February, with Brent crude trading above $111 a barrel. Secretary of State Marco Rubio called Iran's latest proposal "better than what we thought they were going to submit."
- Treasury Secretary Scott Bessent warned that businesses providing services to Iranian airlines risk exposure to United States sanctions. Iranian Foreign Minister Abbas Araghchi claimed Washington "has not achieved a single one of their goals."
- Russian President Vladimir Putin met with Araghchi in St Petersburg, expressing support for the Iranian people during this "difficult period." Putin pledged to do everything that serves their interests so that peace may prevail.
88 Articles
88 Articles
The president's message coincides with reports of his dissatisfaction with Iran's new plan to achieve peace
Amid rising tensions in the Middle East, the Strait of Hormuz has once again become a focus of global concern. Trump's claims have further fueled the crisis. The closure of this sea route is directly impacting oil supplies and international trade. Shipping traffic has been halted, further complicating the situation.
US President Donald Trump asserted on Tuesday that Iran has informed him it is in a "state of collapse," and therefore—according to him—has requested the reopening of the Strait of Hormuz "as soon as possible," amid…
Trump Says Iran in a ‘State of Collapse,’ Wants Strait of Hormuz Reopened
President Donald Trump said on Tuesday that Iran informed his administration that it is in a “state of collapse” and wants the Strait of Hormuz to be opened amid what he said are leadership problems. In a post issued on Truth Social on the morning of April 28, the president wrote, “Iran has just informed us that they are in a ‘State of Collapse.'” “They want us to ‘Open the Hormuz Strait,’ as soon as possible, as they try to figure out their lea…
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