Donald Trump · Iran · Strait of Hormuz · U.S. · Israel · Fortune Technology
Meanwhile, the US is readying new economic measures to force Tehran to capitulate in the war
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President Donald Trump told Fox News on Friday that the US plans to hit Iran’s economy hard and he didn’t care if the conflict ends before the November US midterm elections, which will hinge on voter perceptions of the economy.
Key facts
- Meanwhile, the US is readying new economic measures to force Tehran to capitulate in the war, which began when America and Israel launched air strikes against the Islamic Republic on Feb
- President Donald Trump told Fox News on Friday that the US plans to hit Iran’s economy hard and he didn’t care if the conflict ends before the November US midterm elections, which will hinge on voter
- Lebanese Prime Minister Nawaf Salam said the Israeli military staged a series of attacks on his country on Saturday, including intensive airstrikes and shelling, that claimed the lives of at least
- Volatility in the Middle East extends beyond the US-Iran conflict
Summary
Iran and Oman appear to be edging closer to a deal on how the Strait of Hormuz should be managed, agreeing on routes through the key waterway that’s proved a major stumbling block in efforts to end almost six months of war between the Islamic Republic and the US. The finalization of a “shipping map” forms part of a broader accord to govern traffic through the strait and constitutes an independent arrangement between the two states that will uphold their sovereignty and ensure the safe transit of vessels, Defa Press cited Iranian Foreign Ministry spokesman Esmail Baghaei as saying. The move follows a series of attacks in Hormuz, through which a fifth of the world’s oil and gas transited before the war. The price of Brent crude, the global benchmark, rose almost 6% this week as hopes faded of a quick resolution to a deadlock that’s disrupted the flow of oil and other key commodities to global markets.