Arab Intelligence Confirms Strategic Shift, Fuel Prices Soar Amid US-Iran Tensions
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"Arab intelligence officials have picked up evidence... of a strategic shift inside the country’s hard-line leadership to get their forces ready to widen the war and raise the costs for the US," the Journal reported. "Their overriding goal is to inflict enough pain to ensure the kind of attacks Iran has endured with the 12-day war last year and the continuing conflict aren’t repeated."
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CNBCIran's hardline leadership, for its part, has no intention of winding down the conflict, but instead widening the war to raise the costs for the U.S. and its regional allies, Wall Street Journal reported on Sunday, citing intelligence obtained from unnamed Iranian and Arab officials.
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Traffic through the Strait of Hormuz, which rose immediately after the interim deal, is back to a small fraction of what it was before the war. Rising prices of fuel and other goods are expected to climb further the longer this continues with effects far beyond the Middle East.
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CNBCSuccess in routing oil around the Strait of Hormuz has kept prices from spiking past $100 a barrel, while the global economy has adapted to the closure, giving the U.S. room to "afford to wait," Eurasia Group said.
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Trump threatens to bomb Oman if it ‘gets in the way’ of US-Iran negotiations Remarks come as Gulf state has been in talks with Tehran over provisional arrangement to manage Strait of Hormuz
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ZeroHedge"I asked the president about... parallel talks that are taking place between Iran and Oman about control of the Strait of Hormuz," Yingst introduced. Trump then responded: “if Oman gets in the way [of US control in the Strait of Hormuz], we'll bomb the st out of them."
CNBCIranian Foreign Minister Abbas Araghchi said in a Telegram post on Saturday that Iran's negotiations with Oman remained ongoing to determine a new maritime route in the Strait of Hormuz, while Trump on Monday threatened to bomb Oman if the Gulf state "gets in the way" of U.S. efforts to reopen the strait.
Common Dreams5 #000000 #FFFFFF Trump's warning to Oman over its negotiations with Iran comes as the closure of the Strait of Hormuz is once again putting upward pressure on petroleum prices.
Washington Times BusinessEven then, Iran has said it would control the strait - and potentially charge fees - through an agreement it is negotiating with Oman, and that the strait will not go back to being an open, toll-free waterway as it was before the war.
6 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 CNBC A cargo vessel was struck by a projectile while transiting the Strait of Hormuz, the U.K. Maritime Trade Operations agency said Tuesday, signaling persisting navigation risks in the waterway as Washington and Tehran harden their positions.
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02 Bloomberg Latest Oil Market News and Analysis for Aug. 18 Oil ticked higher as prospects for a resolution of the US-Iran war receded, with President Donald Trump saying he’s not interested in extending an expiring agreement with Tehran.
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03 ZeroHedge President Trump has issued some fresh Monday remarks on Iran, after a weekend where he was relatively quiet on the conflict he launched nearly six months ago, which has long been the central controversial decision made as Commander-in-Chief, threatening to define his whole second term.
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04 Fortune Trump pivoted from bombs to an economic war against Iran. But Tehran is now ‘fully offensive’ and doesn’t think the real fighting hasn’t started yet Unless the U.S. implements the June ceasefire deal in a few weeks, Iran will launch a "timely and precise" attack to break the blockade, an Iranian official told Reuters.
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05 Common Dreams Speaking with Fox News, Trump was asked about talks that Iran and Oman have been conducting about jointly overseeing operations of the strait, which has been shut down ever since Trump started an illegal war in late February.
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06 Washington Times Business The deal that U.S. President Donald Trump signed at Versailles in June set an ambitious 60-day deadline for ending the war with Iran and reaching an accord on its nuclear program.
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Sources (7)
- cnbc
- zerohedge
- commondreams
- fortune
- bloomberg
- ft
- washtimes-biz