Crude oil reached $126 due to Hormuz blockade, upset Trump sent ‘secret message’, is a world war going to break out?
Hormuz Blockade Oil Prices: The ongoing blockade on the Strait of Hormuz, the world’s most important sea route, has broken the back of the global economy. On Thursday, crude oil prices crossed the level of $ 126 per barrel, breaking the record of the last four years. The ongoing tension between Iran and America has set the prices of petrol and diesel on fire across the world, due to which the threat of global economic recession is now looming.
Trump’s ‘secret message’
Troubled by the skyrocketing oil prices and stalled supply, US President Donald Trump has taken a major diplomatic step. According to reports, the US State Department has sent a secret diplomatic message to various countries of the world.
In this cable seen by Reuters, the US has appealed to form an international coalition to restore the movement of ships in Hormuz. The US wants powers around the world to come together to secure this sea route, which supplies 20% of the world’s oil and gas.
Iran’s counterattack
On the other hand, Iran seems to be very aggressive and fearless on this situation. Iran has responded by saying that the US blockade has not had any negative impact on its oil production but is having the opposite effect on America and its allies.
Tehran has warned that it will continue to block ships passing through Hormuz as long as the threat remains. Iran has even claimed that crude oil prices may go up to $140 per barrel in the coming days, which will further increase the problems of the Trump administration.
preparations for military attack
As the avenues of diplomatic dialogue are being closed, the possibility of military confrontation is increasing. According to a report by Axios, President Trump is scheduled to take a briefing on Thursday on plans for new military strikes on Iran. Trump’s goal is to put so much pressure on Iran that it is forced to come to the negotiating table again.
Trump has social media But shared a picture of himself in which he is seen holding a machine gun and along with it the message is written that I’m no longer Mr. Nice. His indication is clear that America is now going to take some big steps regarding Iran’s nuclear program and maritime interference.
Also read:- Big rift in NATO! Conflict between Trump and allies on Iran war, will India become the ‘Messiah of peace’?
Shadow of economic recession on the world
Even two months after the conflict started on February 28, the situation is still out of control. Brent crude prices have more than doubled since the beginning of the year. if soon strait of hormuz If the economy is not opened, the deepening of the energy crisis could lead to a new phase of inflation and unemployment across the world. At present, the eyes of the whole world are on Trump’s next step and the proposed international alliance.
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