The problem of ‘jam’ in the sea will end, Trump’s big announcement on the Strait of Hormuz after the ceasefire with Iran
News India Live, Digital Desk: The world’s most important maritime trade route, the Strait of Hormuz, is now going to clear the way for cargo ships to pass through. After the historic two-week ceasefire between America and Iran, President Donald Trump has made another shocking announcement. Trump has said that America will now actively help in solving the huge delays and ‘traffic jams’ in the movement of ships in the Strait of Hormuz. This step is being considered a game-changer for the global economy and uninterrupted supply of oil. Speed of the world stuck in Hormuz, Trump becomes ‘traffic controller’ Due to the ongoing tension for the last several weeks, long queues of ships had formed in the Strait of Hormuz. About 20% of the world’s crude oil passes through this narrow path. President Trump clarified in his social media post that during the ceasefire, America will use its technical and naval expertise to ensure that the ‘traffic’ on the way to Hormuz ends as soon as possible. He said that America is committed to the safety and smooth movement of merchant ships. Trump’s announcement will have a direct impact on oil prices. This announcement is expected to bring more stability in the prices of crude oil (Brent Crude) in the international market. Ever since the crisis in Hormuz deepened, there was fear of energy shortage and inflation all over the world. Now the resumption of operation of ships with the direct help of America means that the oil supply chain will be back on track. Experts are considering this as a part of Trump’s ‘economic diplomacy’, which will provide relief not only to America but to the whole world including India. Cooperation with Iran or diplomatic pressure? Although Trump has presented it as a help, political analysts are also seeing it as a strategy to maintain pressure on Iran. Controlling traffic in Hormuz means that the US Navy’s presence will remain active in that area. This will ensure whether Iran is following the terms of the ceasefire or not. At present, shipping companies and traders around the world have welcomed this decision, as it will prevent losses worth billions of dollars.
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