"President Trump stated that the US blockade of Iranian ports has been a success, urging Tehran to give up as pressure mounts in a deepening standoff over the Strait of Hormuz."
"Parliament Speaker Mohammad Bagher Ghalibaf dismissed the US campaign as ineffective, arguing that no oil wells have exploded under the blockade and that it has only driven up global prices."
"The US claims that cutting off exports will eventually push Iran's storage to capacity, forcing a halt in production, but analysts indicate that remaining storage may only cover about 20 days of output."
President Trump asserts that the US blockade of Iranian ports is successful, calling on Tehran to capitulate as tensions escalate over the Strait of Hormuz. Iran's Parliament Speaker, Mohammad Bagher Ghalibaf, refutes the blockade's effectiveness, stating it has only increased global oil prices. The US believes the blockade will eventually halt Iranian oil production, but analysts suggest that Iran's remaining storage can only sustain output for about 20 days. Meanwhile, tensions are affecting global markets, pushing oil prices above $120 a barrel.
Read at www.aljazeera.com
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