"Trump reiterated that the war will take another two or three weeks, demanded Iran reopen the Strait of Hormuz, and called on other countries to find a way to reopen the vital waterway, through which 20% of the world's oil flows."
"By the time he concluded his remarks, West Texas Intermediate crude had risen to nearly $103, a five percent jump, while Brent crude also rose sharply during that time."
"The price of gasoline has risen markedly since the conflict began, with the national average at $4.06 a gallon, compared to just under $3 a gallon right before the war."
"Trump has given conflicting messages about the strait, claiming the U.S. does not need it, while also stating that European countries and/or China should try to reopen it."
Trump's primetime address on Iran did not provide new insights into the ongoing war, which began on February 28. He stated the conflict would last two to three weeks and urged Iran to reopen the Strait of Hormuz. Oil prices surged during his speech, with West Texas Intermediate crude rising from $98 to nearly $103 a barrel. The national average gasoline price increased to $4.06 a gallon since the war began. Conflicting messages about the Strait of Hormuz were noted, as Trump suggested other nations should intervene.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]