The US president has attempted to quell fears that the military operation he launched will exacerbate the global energy crisis
The surge in oil prices will not stop the US from waging its war on Iran, President Donald Trump has said, after Brent shot past $100 per barrel on Sunday, marking the biggest daily gain since the start of the Covid-19 pandemic in 2020.
In response to the US and Israeli airstrikes, Iran has closed the Strait of Hormuz and struck tankers attempting to cross the waterway, which serves as a route for around one-fifth of the world’s oil supply. Iraq, the United Arab Emirates, and Kuwait, all major oil producers, have cut…
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