Trump urges to step up production as White House warns Iran to avoid shutdown Hormuz Strait, An important oil and gas transport channel in retaliation for the U.S. strike against Iran’s nuclear program.
“To the Department of Energy: Drill, baby, drilling!!! I mean!!!” Trump posted on social media. He added: “Everyone, you have to pay the price of oil. I’m looking at it!
Trump’s push is coming In uncertain times Because U.S. embassies and military facilities in the Middle East are highly alert to potential retaliation. Global markets attempted to determine that after the United States attacked the main core facilities of Iran’s nuclear facilities, the barrage blew up 30,000-pound bunker bombs and Tomahawk missiles.
The Iranian parliament has approved the cutting of the narrow transport lane of Hormuz in the Persian Gulf, with about 20% of global oil and gas passing. It is now up to the Iranian National Security Council to decide whether to continue to propose this idea, which could lead to a surge in global goods and services costs.
Oil prices rose 4% shortly after trading began Sunday night, but it quickly retreated as the focus shifted from what the U.S. military did to Iran’s reaction.
Oil futures are Flop Trading between gains and losses on Monday morning. They are still higher than before the battle began a week ago.
“It is foolish for the Iranian regime to make this decision,” White House press secretary Karoline Leavitt warned Tehran not to close the strait again.
The State Department has doubled the number of emergency evacuation flights provided by U.S. citizens who want to leave Israel, and ordered non-essential employees to leave the U.S. Embassy in Lebanon. It also strengthens travel warning middle East Iran will retaliate against U.S. interests in the region due to concerns.
In an alert sent to all Americans around the world and posted on its website on Sunday, the State Department warned all U.S. citizens to exercise caution abroad.
The U.S. Embassy in Qatar posted an alert on its website Monday urging U.S. citizens to “be in place until further notice” in energy-rich countries. Hours later, the Katari government issued an extraordinary order to shut down its busy airspace.
Katar, the Persian Gulf from Iran, is home to the Al Udeid Air Base, which hosts the front headquarters of the U.S. Military Central Command.
The embassy did not elaborate on it, nor did it respond to multiple requests for comment from the Associated Press.
Many energy industry analysts are skeptical that Iran will close the straits across the board, something that has been threatened in the past.
Iran will face the possibility of retaliation against its own goods, and the possibility of the move that makes China the largest Iranian crude oil buyer.
The United States and allies urged Russia to urge Moscow to invade Ukraine in 2022 and pose a threat to the oil industry, and then followed many Occupy companies from the country, with the United States and Europe imposing sanctions on the Russian industry.
However, Iran has a much smaller scope for integration into the global economy than Russia, which relies on oil and gas exports from European markets and continues to move forward in the invasion despite U.S. warnings.
“There are also a lot of suggestions that this is not very likely, and it’s usually attributed to economic interdependence, and I don’t want to suggest that it doesn’t matter. It definitely does,” said Colby Connelly, a senior fellow at the Middle East College. “If the 2020s have taught us anything, it’s that economic connections aren’t always preventing conflict.”
In another development on Monday, Levitt appeared to publicize Trump’s questioning of the future of Iran’s theocratic politics, which seemed to contradict his administration’s call for Tehran to resume negotiations and avoid escalation in the fight.
“It is not politically correct to use ‘regime change’ in politics, but if the current Iranian regime cannot make Iran great again again, why is there no regime change??” Trump posted on social media. “Miga!!!”
Levitt said Trump’s posture and our military posture have not changed. ”
“The president just asked a question, and I think a lot of people around the world are asking,” Levitt said.
