The crisis regarding the movement of ships in the Strait of Hormuz, the most sensitive sea route of West Asia, has deepened. The United States has drastically cut the military protection it provides to commercial oil tankers amid Iran's increasing aggression and frequent drone and missile attacks. The US Defense Department has decided to limit … Read more
Iran. The crisis regarding global energy supply seems to be deepening. The Strait of Hormuz is already closed and now the routes to the Red Sea and Bab-el-Mandeb have also become difficult. The Houthis this week targeted Saudi Arabia across the border from Yemen. Along with this, occupation of the important port Mokha in the … Read more
Trump Says Iran ‘Probably’ Behind Attack on Saudi Oil Pipeline/ TezzBuzz/ WASHINGTON/ J. Mansour/ President Donald Trump said Iran was “probably” responsible for the drone attack that forced Saudi Arabia to close its East-West pipeline. Trump also said Yemen’s Iran-backed Houthis contacted his administration because they wanted to avoid direct U.S. military intervention. Iraq closed … Read more
Iran Rejects Negotiations as US Blockade and Saudi Pipeline Crisis Escalate/ TezzBuzz/ WASHINGTON/ J. Mansour/ A senior Iranian lawmaker said Tehran will not negotiate with Washington until the United States accepts all of Iran’s conditions. The statement came as U.S. Central Command reported redirecting 100 commercial vessels during its blockade of Iranian ports. Regional tensions … Read more
Trump Predicts Iran War Will End After Midterms and Oil Prices Will Fall Sharply/ TezzBuzz/ WASHINGTON/ J. Mansour/ President Donald Trump predicted that the Iran war would end shortly after the November midterm elections and that oil prices would then fall sharply. Crude prices retreated Friday but recorded substantial weekly gains as threats to major … Read more