"In the coming days, we may unsanction the Iranian oil that's on the water. It's about 140 million barrels. In essence, we will be using the Iranian barrels against the Iranians to keep the price down for the next 10 or 14 days as we continue this campaign."
"Iran has threatened 'zero restraint' against attacks on its energy infrastructure. Saudi Arabia says it 'reserves right to take military action' against Iran. Trump promised that Israeli attacks on Iran's South Pars gas will stop."
Escalating tensions in the Middle East center on energy infrastructure attacks and threats of retaliation. Israel struck Iranian gas facilities at South Pars and Assaluyah port, prompting Iran to threaten 'zero restraint' in response. President Trump warned of devastating US military strikes on South Pars gas should Iranian attacks on Qatari facilities persist. Saudi Arabia stated it reserves the right to take military action against Iran. Rising fuel prices from the conflict prompted the US Treasury to consider unsanctioning Iranian oil reserves to stabilize global markets. The Trump administration also relaxed restrictions on Russian oil purchases. Brent crude prices surged from $79 to $119 per barrel, reflecting market volatility from ongoing hostilities.
#iran-us-tensions #energy-infrastructure-attacks #oil-market-volatility #middle-east-conflict #sanctions-policy
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