Iran has accused the US of violating the agreement aimed at ending the war between the two sides, after the US military launched strikes around the strait of Hormuz and revoked a temporary sanctions waiver for Tehran to export oil.
The US military said that it hit more than 80 targets in the early hours of Wednesday in response to Iranian attacks on three commercial vessels that were transiting through the strait of Hormuz on Tuesday.
Iran responded by launching attacks on US military sites in Bahrain and Kuwait, with the Islamic Revolutionary Guards Corps claiming 85 facilities had been targeted. Air raid sirens were heard in both countries and the Kuwaiti army said air defences were confronting “hostile” missile and drone attacks, but there was no confirmation of any damage.
US media reported that Donald Trump signed off on the strikes while attending the Nato summit in Turkey. Speaking on Wednesday morning, Nato’s secretary general, Mark Rutte, backed the US attacks, saying: “When you have a ceasefire and Iran is basically violating the ceasefire, I think it is totally crucial that the U.S. forcefully react.”
Why would Iran stop bombing ships in the strait? They have the whole world by the balls.
Because America responds by flattening something of theirs?
Strategic bombing has never been succesful in any human conflict.
op wouldn’t understand that; they love the bomb too much
That’s the reason they need to keep messing with the strait. It was the US that attacked first and the strait is their strategic defense.
It doesn’t seem to slow them down much.
I’ve noticed. Although fuel prices are close to being back to normal, so I don’t think they have that much leverage any more.
Still, eventually one side will decide they’ve had enough, surely?
Time is on Iran’s side because the world’s reserves are running out, although to your point, the world did pivot much more gracefully than they anticipated.
Because most people didn’t anticipate China spending the last 20 odd years getting ready for USA to mess with the global oil market right before renewables take off. Now since the war renewables have taken off at a rate much higher than before the war.
This is going to be one of the more interesting aspect of the next 5 years that isn’t necessarily nightmare inducing. It’ll take a while to really see but destabilizing the overall energy market will hopefully make oil a less insane commodity that the world order revolves around. Which gives the providers of that commodity inordinate amounts of power
And while their shift into renewable energy tech certainly gives them a strong leg up in terms of gaining some of that power and influence for themselves the big difference is that they are simply providing the tools to extract the energy rather than the energy itself. Which is amazing for humans as a whole because it deconsolidates that power and prevents this sort of shortage agains
What worries me is that those at the levels of power, including those in China, will realize this and start building in obsolescence and control to keep ahold of as much as they can rather than allow actual energy independence. But fingers crossed for something good in the future
The oil reserves have been emptied right before the ceasefire but not replenished. Your fuel prices are going to look very funny very soon. As well as fertilizer and other critical goods.
Time will tell, I guess. But fuel costs have been steadily dropping since the war started.
Do you mean since the “ceasefire” started or since the war started? Certainly not the second.
Oil prices heavily dropped a few days before the ceasefire because everyone is trading with inside info. But in the end stocks is just paper value. Real oil is going to run out.
Nah, even before the ceasefire they were down from their peak, they definitely dropped a lot more after the ceasefire though.
Most of the drop happened right before the ceasefire. A little was left after it happened from all the bagholders.