"If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far. Additionally, we will take out easily destroyable targets that will make it virtually impossible for Iran to ever be built back, as a Nation, again – Death, Fire, and Fury will reign upon them."
"This narrow waterway, which lies between the Gulf of Oman and the Persian Gulf, has been effectively closed to most commercial shipping since the conflict with Iran began on Feb. 28. Maritime traffic through the strait has dropped by at least 70 percent – a major disruption for oil and gas shipments as approximately 13 million barrels of oil move through the waters daily."
"The price of crude oil surged past $100 a barrel on Sunday, March 8 – its highest since Russia's invasion of Ukraine in 2022. By the end of the day Monday, at the market's close, prices fell to under $90 after Trump told CBS News that the war is very complete."
President Trump issued a threat via Truth Social warning Iran of severe military consequences if oil flow through the Strait of Hormuz is restricted. The waterway, critical for global energy supplies with approximately 13 million barrels of oil passing daily, has experienced a 70 percent drop in maritime traffic since conflict began February 28. Iran's Foreign Ministry spokesman advised foreign oil tankers to exercise caution in the strait. Trump's statement emphasized potential destruction of Iranian infrastructure and framed U.S. intervention as beneficial to China and other nations dependent on the strait for energy. Crude oil prices initially surged past $100 per barrel on March 8 but fell below $90 after Trump indicated the conflict was resolved.
Read at www.mediaite.com
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