The surge comes after the White House said it was considering continuing the current blockade for months if necessary, as Donald Trump is set to be briefed on possible new military actions against Iran on Thursday.
With the continuation of the blockade of the Strait of Hormuz and the possibility of renewed American strikes in Iran, oil prices soar again on Thursday. The price of Brent crude oil rises by over 7.5%, surpassing $125.
This is double its price before the attack launched by the United States and Israel against Iran on February 28, which resulted in thousands of deaths, mainly in Iran and Lebanon, and whose repercussions are increasingly being felt in the global economy.
“This blockade is a bit more effective than bombings.”
This new surge comes after a senior American official indicated on Wednesday that the White House was considering to “continue the current blockade for months if necessary.”
“The blockade is a bit more effective than bombings,” commented Donald Trump in an interview with the American website Axios. In total, 42 ships have been intercepted trying to “violate the blockade” so far, and 41 tankers are unable to leave Iran, according to Admiral Brad Cooper, the American commander for the Middle East, who deemed the blockade “highly effective.”
The oil market also surged after Axios reported that Donald Trump was set to be briefed on possible new military actions against Iran by the military on Thursday. The media added that the Centcom has prepared options for a wave of “short and powerful” strikes against Iran, likely targeting infrastructure.
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