US EditionTrump tells aides to prepare for lengthy Hormuz blockade, WSJ says
The move would intensify pressure on Tehran by restricting access to vital sea routes, with oil prices rising more than 3% on the report, traders said.
- Oil prices rose on Wednesday following reports that President Donald Trump instructed aides to prepare for an extended blockade of Iran, potentially prolonging supply disruptions from the Middle East.
- Despite a ceasefire in the US-Israeli war with Iran, the conflict remains deadlocked, with Iran shutting shipping flows through the Strait and Hormuz, a conduit for about 20 per cent of global oil.
- West Texas Intermediate futures rose 57 cents to $100.50 a barrel, while the American Petroleum Institute reported crude stocks fell by 1.79 million barrels and gasoline inventories dropped 8.47 million barrels.
- Analysts warn that supply disruptions will worsen if Trump continues to squeeze Iran's exports, as Brent crude futures rose 52 cents to $111.78 a barrel.
- The Wall Street Journal reported the U.S. is pressing for an end to Iran's nuclear weapons programme, while Iran is demanding reparations and an easing of economic sanctions.
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No More Bombs for Iran, Economic War Instead? - The Ron Paul Institute for Peace & Prosperity
Trump assembled his national security team in Washington on Monday afternoon to figure out how to respond to Iran’s latest missive delivered via Pakistan — i.e., end the blockade and then we’ll talk about other issues. The Wall Street Journal reports that Trump opted for economic warfare against Iran as it carried less risk, instead of resuming bombing or trying to exit the conflict. That’s the good news. However, President Trump also instructed…
With the actual closure of the Hormus road, Iran is pushing up oil and gas prices worldwide. But now the regime in Tehran is also under pressure.
Donald Trump urged Tehran on Wednesday to accept negotiations with the US and sign an agreement, Wall Street Journal reporting that the President is ready to continue the blockade imposed on Iran, which pressures the regime economically, but also generates problems for the rest of the world. President Donald Trump asked his advisers to prepare for an extended blockade of Iran, ...
Trump digs in on blockade, claims he has Iran on the ropes
TRUMP: IRAN IN ‘STATE OF COLLAPSE’: President Donald Trump has reportedly instructed the U.S. military to extend its blockade of Iranian ports indefinitely in a strategy designed to keep squeezing Iran’s economy and force it to make a nuclear deal on Trump’s terms. “In recent meetings, including a Monday discussion in the Situation Room, Trump opted to continue squeezing Iran’s economy and oil exports by preventing shipping to and from its ports…
According to a media report, Trump is considering a long blockade of Iranian ports in order to put pressure on Tehran in the nuclear dispute. He doubts that the leadership is negotiating honestly.
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