US-Israel war on Iran, Trump administration, Donald Trump, Iran, Strait of Hormuz, Israel, US politics, Middle East and north Africa
As Israel attacks on Lebanon continue, Abbas Araghchi points to announcement that says ceasefire includes Lebanon while JD Vance says US never promised that
Middle East ceasefire in serious doubt as Israel assaults Lebanon and Iran blocks oil tankers
Will shipping in the strait of Hormuz – and oil prices – return to normal?
Oil prices have climbed and stocks fallen on fears over the nascent US-Iran ceasefire, after Israel launched a major bombardment of Lebanon. In past two hours, Hezbollah said it had fired rockets at northern Israel in response to “ceasefire violations”.
Fears that the ceasefire could fall apart while crude remains stuck in Hormuz saw West Texas Intermediate oil jump around 3% Thursday, having plunged more than 16% the day before. Brent was up more than 2% following a 13% drop.
Continue reading… The Guardian
About the Author
