President Trump stated that Iran's naval forces were 'lying at the bottom of the sea' and warned that any ships approaching the blockade would be 'immediately ELIMINATED.' He compared the blockade enforcement to US counter-narcotics operations at sea.
The deal talks are expected to resume later on Sunday, with the seemingly never-ending meeting suggesting that both sides remained engaged and still had topics to discuss.
Three supertankers laden with oil have passed through the Strait of Hormuz amid the fragile truce between the United States and Iran, according to shipping data. Iran's blockade of the strait has disrupted global energy supplies and sent oil prices soaring since the start of the US and Israel's war on Iran.
Stock markets, which have fully devolved into a circus animal responding to the one stimulus they know, bought the dip hard on the president's word. Even before this insane AI rally where stock markets are doing their best crypto impression, the concept of smart money in finance was not defined by the number-go-up traders on the floor of the New York Stock Exchange.
The provisions of the Bahrain-led resolution had been repeatedly pared down in an effort to convince Russia and China to abstain from voting, an effort that ultimately failed as the two nations refused to back down in Tuesday's vote.
The Iranian choke hold on the Strait of Hormuz evidently had a lot to do with it. By cutting off roughly one-fifth of the world's oil supply over the past five weeks, Iran's blockade of that narrow waterway caused an energy crisis and fears of a global recession that the White House could not abide for long.
The E-3 Sentry, with its distinctive rotating radar dome, is a flying command center that allows American forces to see and coordinate the battlefield. In recent weeks, Iran destroyed one on a runway in Saudi Arabia and reportedly damaged another.
The Canadian prime minister, Mark Carney, inspired a wave of enthusiastic nodding among the cosmopolitan crowd gathered in Davos last month when he took to the podium and proclaimed that the world order underwritten by the United States, which prevailed in the west throughout the postwar era, was over. The organizing principle that emerged from the ashes of the second world war, that interdependence would promote world peace by knitting nations' interests together in a drive for common security and prosperity, no longer works.