Iranian Foreign Minister Abbas Araghchi insisted in a televised address on Wednesday that his country does not accept the United States’ ceasefire proposal. Araghchi added that Iran instead seeks to end the conflict with the US and Israel, as well as guarantees that such an operation would not repeat. Meanwhile, his department’s spokesperson, Esmail Baghaei, told the press that US President Donald Trump’s claims that Iran asked for a ceasefire were “false” and “baseless.”
Previously, the Islamic Revolutionary Guard Corps (IRGC) stressed that the Strait of Hormuz “will not be opened to the enemies of this nation” through Trump’s “ridiculous displays.”
NN: Tonight we get another broadcast of Trumps reality show from the oval office. Watch what he does not what he says. He has 20,000 troops ready to take key Iranian islands.
Gulf allies of the United States, led by Saudi Arabia and the United Arab Emirates, are urging President Donald Trump to continue prosecuting the war against Iran, arguing that Tehran hasn’t been weakened enough by the monthlong U.S.-led bombing campaign, according to U.S., Gulf and Israeli officials. After private grumbling at the start of the war that they were not given adequate advance notice of the U.S.-Israeli attack and complaining the U.S. had ignored their warnings that the war would have devastating consequences for the entire region, some of the regional allies are making the case to the White House that the moment offers a historic opportunity to cripple Tehran’s clerical rule once and for all. Officials from Saudi Arabia, United Arab Emirates, Kuwait and Bahrain have conveyed in private conversations that they do not want the military operation to end until there are significant changes in the Iranian leadership or there’s a dramatic shift in Iranian behavior, according to the officials, who were not authorized to comment publicly and spoke on the condition of anonymity. The push from the Gulf nations comes as Trump vacillates between claiming that Iran’s decimated leadership is ready to settle the conflict and threatening to further escalate the war if a deal is not reached soon.
NN: This is not settled until the straights are completely opened for at least 6 months
The Qatari Ministry of Defense announced Wednesday that the country was targeted by “three cruise missiles launched from Iran.” According to the statement, “our armed forces … successfully intercepted two of the cruise missiles, while the third missile struck an oil tanker leased to Qatar Energy in Qatar’s territorial waters.” All 21 crew members were evacuated without casualties. The incident comes after the United Kingdom Maritime Trade Operations (UKMTO) earlier reported that a tanker was struck twice 17 nautical miles north of Ras Laffan.
NN: A tanker a day keeps the bankers away… and the insurance companies too. This one was the Aqua 1
Major stock indexes on Wall Street extended gains on Tuesday, with the Dow Jones soaring over 900 points after reports surfaced that the US-Iran conflict may be coming to an end. Iran’s President Masoud Pezeshkian said that the country was ready to end the war, but only if there were guarantees against future attacks, according to Iranian state news agency IRNA. Furthermore, The New York Post reported that US President Donald Trump believes the war will likely end soon, with other nations taking the lead in reopening the Strait of Hormuz.
The Dow Jones skyrocketed 2.14% or 964 points at 1:03 pm ET. At the same time, the Nasdaq 100 rose 3.10% and the S&P 500 added 2.56%. The euro gained 0.8% against the dollar, changing hands for 1.15524.
NN: Its the revolutionary guard not this joke guy. Nothing has changed
Former Berkshire Hathaway CEO Warren Buffett said on Tuesday that the global nuclear threat would be more dangerous if Iran were to obtain a nuclear weapon. Buffett said during a CNBC interview that nuclear weapons remain the key global risk, adding that while several countries already possess them, “it would be more difficult if Iran has the bomb than if they don’t.” He warned that “one way or another” nuclear weapons could be used over time, citing risks tied to the unstable actors gaining control. Buffett also referenced historical nuclear tensions, saying the world has faced “a lot of close calls,” and he warned that the risk increases if “someone who gets their hands on the switch is dying.”
NN: We need to put boots on the ground, suffer thousands af casualties and end the Iran crazies. If not now later millions will die.
European Energy and Housing Commissioner Dan Jorgensen said in a letter to the European Union’s energy ministers that the EU’s security of supply “remains guaranteed” in light of the ongoing energy crisis triggered by the Middle East conflict. However, he warned that the union must be prepared for a “potentially prolonged disruption” of international energy trade. Jorgensen called on EU member states to coordinate their efforts, including limiting demand, particularly in the transport sector, as well as refrain from measures that could hinder the free flow of petroleum products or slow EU refinery output. He suggested delaying non-emergency refinery maintenance and increasing the use of biofuel where possible to ease pressure on the fossil fuel market.
NN: You need to pay attention here. The energy trap has been set. This will lead to a global depression. $200 oil and the rise of Islam….. Party!
An Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai early on Tuesday in one of the most significant attacks on a vessel in a month of war, pushing crude prices higher and heightening tension around the vital Strait of Hormuz. The Al-Salmi, a Kuwait-flagged very large crude carrier, was in the anchorage zone of Dubai’s port, just 31 nautical miles northwest of the emirate and in an area packed with ships waiting to exit the Persian Gulf. The strike — which happened just after midnight local time — damaged the hull and started a fire on board, state-run Kuwait Petroleum Corp. said in a statement. The Dubai Media Office said on X later on Tuesday that the fire had been extinguished and the incident had been contained, with no oil leakage. All 24 crew members were safe.
Iran Has Hit a Fully Laden Kuwaiti Oil Tanker near Dubai
Sources: Bloomberg, Institute for the Study of War and AEI’s Critical Threats Project
The incident is yet another sign that a deepening Middle East conflict shows little sign of nearing a resolution, with mooted peace plans still at odds with reality on the ground and inconsistent rhetoric from Washington. US President Donald Trump earlier issued threats against Iranian infrastructure, including power plants and oil facilities, and has sent more troops to the region as the war extends into a fifth week.The tanker attack pushed oil prices higher, with West Texas Intermediate futures jumping almost 4% toward $107 a barrel, before paring gains. Iran has near-total control of the Strait of Hormuz — the narrow waterway that’s the gateway to the Persian Gulf — and has effectively closed it to all but a trickle of vessels, paralyzing shipments of energy and other goods. Tehran has targeted ships and energy infrastructure on several occasions, but attacks on vessels in and around the strait appeared to have eased in recent days. The last reported incident was on March 21, when a bulk carrier reported a near miss. The latest attack will revive shipowners’ concerns, even as Iran takes steps toward restoring some traffic through the strait on its own terms. Dubai’s anchorage area is a frequent stopping point as vessels wait to secure war-risk insurance cover and finalize details before exiting via the narrow corridor. As of Tuesday morning, there were more than 400 ships of all types in and around the anchorage where Al-Salmi was struck.
The national average price for gasoline in the United States passed the $4 per gallon mark on Monday as the conflict in the Middle East continues to escalate. Later in the day, prices retreated slightly, to stand at $3.950 per gallon, according to GasBuddy, and $3.990 per gallon, according to AAA. “Gasoline and diesel prices continue to climb to multi-year highs as the effective closure of the Strait of Hormuz curtails the flow of millions of barrels of crude oil each day,” GasBuddy’s head of petroleum analysis, Patrick De Haan, said Monday. “The situation remains highly volatile and unpredictable, but upward pressure on fuel prices is likely to persist as long as global oil supplies are constrained by the continued disruption in the Strait,” De Haan added, forecasting above-$4 prices for gasoline and diesel climbing closer to $6 per gallon unless the situation in the Middle East changes. “Americans have already spent nearly $8 billion more on gasoline over the past month, a trend that poses growing risks to the broader economy, while surging diesel prices may begin to reaccelerate inflation,” the analyst said. The fuel price jump in the United States follows West Texas Intermediate topping $100 at the end of last week and staying in three-digit territory as
President Trump issued yet another threat to Iran over the weekend, saying the U.S. “will conclude our lovely ‘stay’ in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!), which we have purposefully not yet ‘touched.’”
The threat was followed earlier today by the news of Iran hitting a Kuwaiti supertanker with a drone and setting it on fire. The vessel was fully laden, the Kuwaiti state oil company said, anchored at Dubai Port when it was attacked.
NN: Five dollar gasoline now! Try ten dollar gasoline soon come and $200 when the next wave comes.
President Donald Trump said on Monday the United States was in talks with a “more reasonable regime” to end the war in Iran but repeated his warning to Tehran to open the Strait of Hormuz or risk U.S attacks on its oil wells and power plants.
“Great progress has been made but, if for any reason a deal is not shortly reached, which it probably will be, and if the Hormuz Strait is not immediately ‘Open for Business,’ we will conclude our lovely ‘stay’ in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island,” Trump wrote in a social media post.
Trump also threatened to attack the desalination plants that supply clean water in Iran. The U.S. president said last week he would pause attacks on Iran’s energy plants for 10 days, which would be until April 6, U.S. time. While Trump has said the U.S. and Iran are making progress in talks, he has also been sending more U.S. troops to the region, leading Iran’s parliament speaker to accuse Washington of sending messages about possible negotiations while planning a ground invasion, prompting more defiance from Tehran.
NN: Don’t let them shit you. The straights must be opened. Trump has no choice he has to keep fighting till the straights reopen. So this crises is far from over and in fact growing by the day. And oil will pass $150 a barrel.