America has decided to temporarily lift the ban on Iranian oil stranded in the sea for a month. The Trump administration said that the White House is taking this step in an effort to control rising oil prices. This relief will be applicable on those oil consignments which were loaded into ships till Friday.
Let us tell you that Iran had threatened to retaliate on entertainment and tourist destinations around the world, after which America announced to send more warships and marines to the area.
Consideration of reducing military operations
Hours later, President Donald Trump said on social media that his administration was indeed considering reducing military operations in the region. His statement came after another surge in oil prices, causing a sharp decline in the US stock market. These contradictory messages come at a time when the war shows no signs of abating.
Attacks on energy sites in Gulf Arab countries
Iran carried out further attacks on energy sites in Israel and neighboring Gulf Arab states, as the region was observing one of the holiest days of the Muslim calendar. Iranians were celebrating Nowruz, the Persian New Year, which is usually a festive festival, when the Israeli airstrikes took place in Tehran.
Oil supply disrupted due to Iran attacks
Due to little information coming from Iran, it is not clear how much damage has been done to its weapons, nuclear or energy plants or who actually controls the country in the US and Israeli strikes that began on February 28. But Iran’s attacks are disrupting oil supplies and sending food and fuel prices rising far beyond the Middle East.
no hope for an end to the war
The US and Israel have given varying rationales for war, some saying they want to incite an uprising to overthrow Iran’s leadership and some saying they want to end its nuclear and missile programs. There have been no public signs of any such rebellion and there appears to be no hope of an end to the war.