Trump again warns Iran to open Strait of Hormuz
Brent rises 2% after Trump signals taking Iran’s oil….. Trump: My favorite thing is to take the oil in Iran
Crude oil prices rose on Monday with Brent futures jumping by more than 2% after United States President Donald Trump said that his “favorite thing” about his country’s military operation in the Middle East would be to “take the oil” from Iran, despite facing opposition in the US. Traders also kept their eyes on the developments in the Iran war, as reports signaled that Washington is preparing a ground operation that could last several weeks.
West Texas Intermediate (WTI) for May’s deliveries increased by 1.35% at 2:27 am ET to $100.99 per barrel. Meanwhile, Brent for the same month’s settlements climbed by 2.42% to $115.3 per barrel at 2:27 am ET.
Trump: My favorite thing is to take the oil in Iran
United States President Donald Trump remarked in an interview with The Financial Times that his “favorite thing” about Washington and Israel’s military campaign against Iran is “to take the oil” in that country, but that he faces opposition on the home front. Trump insisted that “some stupid people back in the US say: ‘Why are you doing that?’ But they’re stupid people.” He claimed that one of the ways to achieve such a goal would be to seize Iran’s oil hub, the Kharg Island, which the US could do “very easily.” “We have a lot of options,” Trump said. “It would also mean we had to be there for a while.”
Previously, Trump told Israel’s Channel 14 that the US is close to controlling the Strait of Hormuz. Meanwhile, The Wall Street Journal reported that Trump was considering sending troops to Iran to extract 1,000 pounds of the country’s uranium.
NN: I think its pretty obvious Trump will seize Kharg Island
Strikes Continue as Houthis Join Iran War, US Troops Arrive
Attacks in the Middle East conflict extended into a fifth week Sunday, with Israel striking Tehran and Saudi Arabia intercepting almost a dozen drones, a day after Yemen-based Houthi militants entered the war. The strikes came as 3,500 additional US troops arrived in the Middle East and regional powers including Saudi Arabia and Turkey meet in Pakistan to discuss how to end the conflict, which has killed thousands and caused chaos in commodity markets and global trade. Trump Admin Signals No Immediate Plans for Invasion The Iran-backed Houthis launched ballistic missiles at Israel on Saturday morning, following US-Israeli strikes on Iranian nuclear facilities. Tehran also struck aluminum producers in Bahrain and the United Arab Emirates, along with a US base in Saudi Arabia, wounding a dozen American personnel. The Washington Post reported that the US defense department was preparing for potentially weeks of ground operations in Iran, citing unidentified US officials. Any mission would likely first target opening the Strait of Hormuz, the strategic waterway through which a fifth of seaborne global oil flowed before the war but which has now slowed to a trickle, inflicting the biggest supply disruption in the history of the global oil market. Iranian Parliament Speaker Mohammad Bagher Ghalibaf told the semi-official Tasnim news agency “our men are waiting for American soldiers to enter on the ground.” The strait has emerged as Iran’s main source of leverage in the war, and Pakistan on Saturday said it had reached a deal with Tehran to allow 20 of its ships passage. Bahrain on Sunday announced a ban on fishing and pleasure boats at night, citing the Iranian threat. Saudi Arabia has managed to reroute some of its oil around the strait, with its East-West pipeline now operating at its full capacity of 7 million barrels a day, according to a person familiar with the matter. Iran launched what it said were retaliatory strikes on Gulf Arab states and Israel after US-Israeli attacks on its nuclear facilities and steel plants on Friday. Meanwhile, in a sign of the conflict’s long reach, French anti-terrorism authorities are investigating a foiled bombing near the Bank of America Corp. headquarters in Paris that they said appeared to be linked to the Middle East conflict. Iran’s state-run news agency IRNA reported extensive damage to residential areas in Tehran overnight, with early reports of civilian injuries. The semi-official Fars news agency said five people were killed and two boats were hit in early Sunday attacks on a port in the southern Hormozgan province. In the city of Shaft, near the Caspian Sea, one person was killed in strikes on a residential area.
Pentagon preparing for weeks of ground operations in Iran, Washington Post reports
NN: That is one sure way to guarntee no oil comes out of the gulf.
Rosatom says situation at Iran’s Bushehr nuclear power plant keeps deteriorating
USS George H.W. Bush said to deploy toward Iran
The United States Navy is preparing to move the USS George H.W. Bush aircraft carrier into waters near Iran, CNN reported, citing a source familiar with the decision. The vessel is reportedly expected to operate under the United States Central Command (CENTCOM). However, it remains uncertain whether the Bush will reinforce or replace one of the two carriers already active in the region.
NN: Here we come $200 oil! Yeah Bobby!!!
Nearly 30 US troops said to be injured in Saudi airbase
At least 29 United States troops have been injured at Saudi Arabia’s Prince Sultan air base over the past week, The Associated Press reported on Saturday, citing two people briefed on the matter. According to the report, at least 15 American soldiers were injured after Iran launched six ballistic missiles and 29 drones at the US air base in Saudi Arabia on Friday, with five of them being seriously injured. Additionally, 14 US troops were wounded in the two attacks on the air base that took place earlier in the week.
Meanwhile, previous reports revealed that yesterday’s attack on the air base also damaged several refueling aircraft and unmanned aerial vehicles (UAVs).
Trump weighs deploying up to 10,000 more troops to Middle East
The Pentagon is looking at sending up to 10,000 additional ground troops to the Middle East to give President Donald Trump more military options even as he weighs peace talks with Tehran, the Wall Street Journal reported on Thursday, citing Department of Defense officials with knowledge of the planning.
Houthis Enter War and Say Attacks on Iran, Hezbollah Must Stop
The Houthis said they had launched ballistic missiles at Israel and would continue operations until strikes on Iran and its proxy militant groups such as Hezbollah in Lebanon stop. The comments on Saturday morning mark the Yemen-based militant group’s entry into the Iran war, a conflict now a month old and which has already caused chaos in energy markets and killed thousands of people.
Straits of Hormuz and Bab El-Mandeb Key for Oil Flows
Hormuz is effectively closed, while US warns about Houthi attacks near Bab El-Mandeb
Hours earlier, Israel said it identified the launch of a missile from Yemen toward its territory. The Israeli military did not immediately say if the projectile was intercepted. “Our operations, with God’s help, will continue,” the Houthis said in a statement on Telegram, “until the aggression against all fronts of the resistance ceases.”