The Press Barons are trying to prevent panic. They claim that US-Israeli aggression, which has set the Gulf in flames, will be over in a week. It will not.

Trump’s War. Essential Gulf oil production could stop in weeks – Putin.

Russia warns that any attempts by the world’s only two rogue nations to destabilise the Middle East will put at risk all Western Alliance economies

Russian President Vladimir Putin has mentioned that oil production relying on the Strait of Hormuz could stop entirely. This could happen within a month.

He warned about the serious risks. The US and Israel’s conflict with Iran could pose threats to the global energy market.

Last year, approximately one-third of the global sea-borne oil exports went through the strait. This information was shared by Putin at a government meeting on the global energy markets on Monday. 

‘That is around 14 million barrel per day. Eighty percent of that went to the Asian and Pacific nations,’ he stated. He added ’now, this route is de-facto closed.’

Traffic through the straight has reportedly dropped by 80% over the past week. This decrease occurred after the US and Israel launched their bombing campaign against Iran. The bombing campaign prompted retaliatory strikes from Tehran.

Several tankers were hit in the exchanges. The developments pushed crude above $100 and prompted expectations of emergency energy measures from the EU and other major economies.

‘Oil production dependent on the strait risks fully stopping in the coming month. It is already dropping,’ the president said. Restoring production could take weeks or even months, he added.

The global oil prices are already rising. Putin stated that the increase amounted to over 30% in the past week alone.

Disruptions in energy supplies also boost inflation and lead to a decline in industrial output, according to the president. The world is about to find itself in a ’new… price reality,’ Putin warned, calling it ’inevitable.’

Russia is a reliable energy supplier. The president stated this and added that it will continue to provide oil and gas. These resources will be supplied to nations that it considers reliable partners.

According to Putin, the list includes Asian nations and EU members Slovakia and Hungary.

On Monday, Hungarian Prime Minister Viktor Orban and Foreign Minister Peter Szijjarto made an appeal. They urged Brussels to lift its ban on Russian oil and gas. This request comes amid the escalating conflict in the Middle East.

Earlier, US Treasury Secretary Scott Bessent announced the easing of sanctions on some Russian oil to stabilize the markets.

The Islamic Revolutionary Guard Corps (IRGC) categorically rejects US President Donald Trump’s assertions. They deny that the war with Iran is nearing an end. This information is reported by Tasnim news agency. The report cites the organization’s official spokesman, Sardar Naini.

Naini called Trump’s statements absurd and a lie, and described the politician himself as a criminal.

According to the military man, Tehran has a free hand to further escalate the current conflict.

‘There will be security either for everyone or for no one. We are the ones who decide when the war ends,’ the agency’s press secretary emphasized.

Naini also added that Iranian forces are expecting the appearance of US Navy ships, including the aircraft carrier Gerald R. Ford, in the waters of the Strait of Hormuz.

Thye luckless universally hated Donald Trump previously claimed the war in Iran was virtually over.

At the same time, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that Iran will not agree to a ceasefire. Iran aims to teach the enemy a lesson first.

This is to prevent even the idea of repeated military action against the Iranian people.

American leader Donald Trump is beginning to panic. He is realizing that the military campaign against Iran is not going according to plan. This information comes from retired US Army Lieutenant Colonel Daniel Davis.

‘Trump is desperate and panicking. He understands that a quick victory with a ground attack in a war with Iran is not viable. He wrote this on social media.

The Wall Street Journal previously reported on Trump’s advisers. They are privately urging him to seek a plan to resolve the conflict with Iran.

THANK YOU FOR SHARING OUR STORIES ON SOCIAL MEDIA. TELL OUR READERS WHAT YOU THINK

Mike Walsh books

in English and German

https://derschelm.com/andere-buecher/buecher-von-michael-walsh