US President Donald Trump has given a statement regarding the Strait of Hormuz which has shocked the entire world. On Wednesday, Trump announced that he was opening this strategic route forever for China and the entire world. He wrote on social media that he is taking this step not only for China but for the entire humanity. Trump claimed that such favorable conditions would never come again in the future.
Friendship with China and sanctions on Iran
Trump has confirmed that China has now agreed not to supply arms to Iran. In his typical style, Trump said that when he reaches China in a few weeks, President Xi Jinping will welcome him very warmly. He sarcastically asked, isn’t working together better than fighting? However, while reminding of its military strength, he also made it clear that if needed, America is more adept at fighting than any other country.
Why was there a crisis on energy security?
Let us tell you that on Tuesday, Trump had announced a naval blockade on the Strait of Hormuz, which deepened the crisis on global oil supply. At that time, questions were being raised whether in order to put pressure on Iran, Trump was pushing the whole world towards a big war. Trump’s real objective was to completely stop Iran’s oil earnings, for which he even threatened to stop the ships of neutral countries.
Impact of failure of Islamabad peace talk
The root of this entire controversy was the 21-hour long US-Iran talks held in Islamabad, which ended without any concrete result. Immediately after the talks failed, Trump ordered the US Navy to blockade Iranian ports. Earlier on April 7, a temporary ceasefire had improved the situation and oil prices had fallen, but after the talks broke down on April 12, the prices of Brent crude and WTI once again crossed $100. Now this new decision of Trump is expected to provide big relief to the international market.
Comments are closed.