Why did America attack Iran? Donald Trump revealed the truth, said – When oil prices rise…’
New Delhi: The ongoing tension between Iran, America and Israel in West Asia has shaken the global energy market. Crude oil prices are rising rapidly and oil tankers are stranded around the Strait of Hormuz. In such a situation, US President Donald Trump has given a big statement.
Trump’s statement
Trump wrote on his social media site Truth Social that America is the largest oil producing country in the world. Therefore, when oil prices rise, America makes a lot of profits, but he clearly said that as President, his biggest focus is to stop Iran from making nuclear weapons.
Trump to Iran "evil empire" Told and said that this is more important so that the Middle East and the entire world is not in danger. This statement of Trump has come at a time when the US Navy had said that by the end of this month it will not be able to provide security to the oil ships passing through Hormuz.
Impact on global oil market
West Asia is the largest oil producing region in the world. Due to the war here, oil production and export has been badly affected. According to the International Energy Agency (IEA), this crisis could become the biggest shock ever for the global oil market.
Reports suggest that Gulf region producers have reduced oil production by about 10 million barrels per day, which is about 10 percent of the world’s total demand. Last year, about 20 million barrels of oil passed through the Strait of Hormuz every day. Now due to the war, the movement of ships has reduced by 90 percent. This is a big crisis for big oil importing countries like India and China.
America’s situation is different
America itself is a big oil producer, so it benefits from higher prices, but the Gulf region is the main source for Asia. Not only is the oil supply affected by the war, but the security of the Gulf countries is also in danger, for which America has taken responsibility. Iran is continuously attacking refineries and oil bases.
Trump’s focus is on Iran’s nuclear program, not on reducing oil prices. This situation is of concern for the world, where the energy crisis is increasing and prices are skyrocketing.
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