News

Effect on oil markets could be 'catastrophic' if Hormuz closure continues — Saudi Aramco chief  The Times of Israel

US President Donald Trump said Monday that he will waive some sanctions on oil to boost supply and bring down prices, due to market turmoil over war in the Middle East. The US-Israel strikes on Iran and Tehran's retaliatory attacks across the Gulf region have upended the world's energy and transport sectors, virtually halting activity in the strategically vital Strait of Hormuz. "We're also waiving certain oil-related sanctions to reduce prices," Trump told reporters after talks with Russian President Vladimir Putin.

Oil prices fall as Trump threatens Iran with 'fire and fury' over Strait of Hormuz  BBC

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Middle East war live: Trump threatens massive US strikes if Iran blocks oil in Strait of Hormuz  France 24

Trump vows to hit Iran harder if it stops oil tankers in Strait of Hormuz  Al Jazeera

The post marked Trump’s latest attempt to boost marine traffic through the Strait of Hormuz where its effective closure has sent crude oil prices spiraling past $110 per barrel

Op-Ed: End in Sight for the Strait of Hormuz Blockade  The Maritime Executive

Trump vows to hit Iran ‘twenty times harder’ if it stops flow of oil in Strait of Hormuz  Washington Examiner

Trump says he’ll strike Iran ’20 times harder’ than before if oil flow halted in Strait of Hormuz  The Hill

Oil plunges 10% as Trump says Iran will be hit 'twenty times harder' if it stops oil flows via Hormuz  CNBC

War is unpopular in US, but enthusiastically supported in Israel, where Trump has 'unprecedented' leverage over Netanyahu ahead of this year's election, analysts say The post As oil prices spell danger for Trump, gap emerges between US and Israel on Iran appeared first on The Times of Israel.

Trump warns Iran of response '20 times harder' if Strait of Hormuz blocked  Anadolu Ajansı

Trump says it’s an ‘honor’ to keep Strait of Hormuz open for China and other countries  Fox News

Trump: Strait of Hormuz to 'remain safe' amid Iran war  Upstream Online

White House says Trump reviewing options to control oil prices The White House said President Donald Trump is reviewing “all credible options” to stabilise oil prices after a surge since the start of the US-Israeli war on Iran.  Spokeswoman Taylor Rogers said the administration had already prepared a strategy to keep energy markets stable before the launch of Operation Epic Fury and would continue assessing further measures.

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The US benefits from the closing of the Hormuz Strait are 'tremendous,' expert says  Fox Business

Trump tells CBS News he's considering taking over Strait of Hormuz  CBS News

Iran live updates: Trump says ships in Strait of Hormuz need to 'show some guts'  abcnews.com