US EditionTrump says it will take a little while for US to blockade the Strait of Hormuz
Trump said the move follows failed talks with Iran and could keep oil and gas prices elevated through the November midterm elections.
- On Sunday, President Donald Trump announced a U.S. Navy blockade of the Strait of Hormuz following failed peace talks in Pakistan, vowing to interdict ships paying "illegal toll" fees to Iran.
- Negotiations in Islamabad, Pakistan, between U.S. and Iranian officials failed to produce a peace deal, leaving the Strait of Hormuz—a channel for 20% of global oil supply—heavily contested.
- According to AAA, gasoline prices have hit $4.125 per gallon following a record 21.2% monthly spike in March. President Trump admitted these elevated costs could persist through November.
- Senator Mark Warner argued the blockade would not force Iran to open the strait, while Senator Ron Johnson warned achieving U.S. aims "could take a long time."
- With the war entering its sixth week, inflation rose 3.3% year-over-year in March, while 69% of Americans expressed concern about higher gas and fuel prices.
51 Articles
51 Articles
The negotiations in Islamabad have failed and the street of Hormus is again blocked – this time by the US. The stock market is likely to put a strain on development.
The announcement by US President Trump to block the road from Hormus in part has led to a marked rise in oil prices.
According to GasBuddy's information, the average price of the normal gallon of gasoline at U.S. filling stations has exceeded four dollars for almost all April.
derwesten.de
news38.deThis latest statement by US President Donald Trump can be expected to be bad: the oil price will probably not recover for the time being.
After the U.S. President has announced that the important sea route will be completely blocked, the stock exchanges in Asia are now declining. Also, the oil price rises to over 100 dollars
Trump Says Gas Prices Might Not Drop By Midterms
“President Trump suggested on Sunday that elevated gasoline prices in the United States might not fall before the November midterm elections, a prediction that continued his mixed messaging and underscored potential political headwinds facing Republicans in the fall,” the New York Times reports.
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