Trump is returning to a war with Iran that offers no easy victory for anyone
US President Donald Trump has announced a measure to block the Strait of Hormuz, which could hurt oil exports from Kuwait, the United Arab Emirates, and Saudi Arabia more than Iran. The move has been met with criticism from oil market specialists, who warn that it could lead to a spike in oil prices and put pressure on the US from the international community.
The US has announced a blockade of the Strait of Hormuz. This move is expected to hurt oil exports from Kuwait, the United Arab Emirates, and Saudi Arabia. Despite the blockade, Iran has allowed about 100 vessels to pass through the strait since the US launched the war. The US Navy has been instructed to interdict vessels that have paid a toll to Iran. Oil market specialists have criticized the move, warning of a spike in oil prices. The price of Brent Crude has already increased by 8%.
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