The US president has instead pledged new attacks on Iran within the next two to three weeks, reawakening concerns of escalating inflation and a slowdown in economic growth, rather than announcing victory or providing clarity on his strategy in the conflict.
Falling Asian market prices and a further spike in oil prices early Thursday were both caused by dashed expectations of a nuclear resolution to the Iran nuclear crisis. By early morning in Europe, the international benchmark for crude oil, Brent, had increased 6% to more than $107 per barrel. At the same time, the price of US benchmark crude rose 5% to $105.16 a barrel.
They are going to be hit very hard over the next two to three weeks,” Donald Trump declared in his prime-time address to the American people. They are no longer welcome here; we will return them to the Stone Age.
If an agreement could not be reached with Tehran, the US president threatened more strikes on energy facilities. Additionally, Trump stated that the US will “finish the job” in Iran soon since “core strategic objectives are nearing completion and military operations may end soon. Trump failed to address the impending deadline he had previously set for Iran to reopen the Strait of Hormuz, a vital passageway for transporting oil and gas worldwide.
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