‘We took over the ship. We took over the cargo, took over the oil. It’s a very profitable business. Who would have thought we were doing that? We’re like pirates. We’re sort of like pirates,’ Trump said, prompting laughter in the audience.
The Iranian authorities insist that they will keep preventing vessels from the US and its allies from going through the Strait of Hormuz, which accounts for some 25% of global crude trade, for as long as the country is being harnessed.
Importantly, it is best to remember that methods of warfare have changed radically since the Iraq War. On this occasion, Israel and Washington DC, armed only with a knife, have blundered into a gunfight.
Global policymakers are warning that the immense scale of destruction in the Gulf could have lingering effects for a long time to come, regardless of what happens in Islamabad, Karthik Sankaran noted in an analysis for Responsible Statecraft.
‘Open the Fu*kin’ Strait, crazy bastards’ Trump screams as he threatens indomitable Iran with strikes on power plants, bridges.
Lloyd’s List magazine said earlier that one vessel has already paid $2 million for transit. Tasnim news agency estimated that Tehran could make around $100 billion annually. This would be under the scheme once traffic in the strait is fully restored.
Israeli media reports highlight Washington’s inability to create effective mechanisms. These mechanisms are needed to overcome an Iranian-imposed maritime blockade.
The US should pursue its own interests rather than those of Israel, Steve Bannon, a former aide to US President Donald Trump, has warned, cautioning that the new escalation in the Middle East could drag Washington into a war with Iran.
Michael Walsh Stories and Books 
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