President Donald Trump considers a massive attack on Iran as oil prices approach the $100 per barrel psychological threshold.
President Donald Trump is weighing a "massive attack" on Iran as global oil markets face significant pressure from escalating regional conflicts. The administration announced that the U.S. Central Command has completed 13 consecutive nights of strikes targeting Iranian military and maritime capabilities to diminish threats to commercial vessels. Oil prices recently flirted with the $100 per barrel mark, driven by the Houthi blockade of the Red Sea and Iran's looming control over the Strait of Hormuz. While demand has fallen sharply, global inventories have reached record lows. The U.S. Strategic Petroleum Reserve is nearing its historic minimum, leaving fewer buffers against potential price spikes. Analysts suggest the administration faces a choice between escalating the military operation or ceding the Strait of Hormuz to Iran, which would allow the regime to charge de-facto tolls. If the conflict persists without a diplomatic breakthrough, experts warn that oil prices could test previous highs of $120 to $150 a barrel by the fall.
Sources
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