US EditionOil Slips, Stocks Rise as Report Says Trump Willing to End War
- On Monday, President Donald Trump told aides he is willing to end the military campaign against Iran even if the Strait of Hormuz remains closed, deferring reopening operations to a later date.
- Currently, 20% of global oil exports pass through the Strait, making it a critical energy chokepoint. US government estimates suggest a military campaign to reopen it would require between four and six weeks.
- Prime Minister Benjamin Netanyahu suggested rerouting energy pipelines across Saudi Arabia to the Red Sea and Mediterranean, "bypassing Iran's geographic choke point." Trump also considers negotiating an end to the war or tasking Gulf States and NATO with reopening operations.
- Gulf States and Israeli officials reportedly asked Trump to continue attacks until the Islamic regime ceases to be a threat, believing Iran has not been sufficiently weakened after nearly a month of bombing campaigns.
- Although Saudi Arabia, the United Arab Emirates, and Oman hold territorial waters in the region, the Strait remains vulnerable to the Islamic regime's capabilities to threaten global energy markets by targeting ships navigating the waterway.
41 Articles
41 Articles
Thirty-second day of war in the Gulf this Tuesday, March 31.
US President Donald Trump told his advisers that he was willing to finish the US military campaign against Iran even if the Ormuz Strämtore remained in much of the prison, declared officials of the administration, quoted by The Wall Street Journal. This decision would probably prolong the strict control of Tehran over this navigational road and would serve as a further complex reopening operation.
Oil slips 1% as Trump signals possible end to US-Iran war. Can prices drop to $100/bbl level?
US-Iran war: Oil prices fell around 1% on Tuesday after reports revealed that Donald Trump was open to ending war against Iran. Check latest crude oil prices, along with experts take on near-term outlook.
Trump eyes early Iran war exit, reopening Strait of Hormuz may not be a priority
According to an assessment, any attempt to reopen the Strait of Hormuz would be complex and could push the US military campaign beyond Trump’s timeline of six weeks, officials told the Wall Street Journal.
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