This administration’s failure to successfully negotiate safe passage through Hormuz and to deescalate the conflict with Iran continues to have global consequences.
It has now led to the Iranian-backed Houthi rebels in Yemen to seek to impose a maritime blockade on Saudi Arabia. An analysis of MarineTraffic data showed that a number of crude oil tankers changed direction Tuesday in the Red Sea following the Houthi threat.
Secretary of State Marco Rubio said that the U.S. remains open to diplomacy with Iran, “but right now they don’t seem to be serious about that.” Rubio added that the U.S. would continue to try to protect commercial shipping. But in the last two days, the U.K.’s Maritime Trade Organization has reported multiple attacks on vessels in the area. In at least two of those, the maritime monitoring group that is aligned with the British navy said that the crew abandoned its ship.
6 Comments
Say the line, Matt!
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The fact that the oil markets has any faith in both sides of leadership agreeing on something is remarkable.
Crazy that Trump has decided to just Pump and Dump the entire global economy.
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Submission Statement:
This administration’s failure to successfully negotiate safe passage through Hormuz and to deescalate the conflict with Iran continues to have global consequences.
It has now led to the Iranian-backed Houthi rebels in Yemen to seek to impose a maritime blockade on Saudi Arabia. An analysis of MarineTraffic data showed that a number of crude oil tankers changed direction Tuesday in the Red Sea following the Houthi threat.
Secretary of State Marco Rubio said that the U.S. remains open to diplomacy with Iran, “but right now they don’t seem to be serious about that.” Rubio added that the U.S. would continue to try to protect commercial shipping. But in the last two days, the U.K.’s Maritime Trade Organization has reported multiple attacks on vessels in the area. In at least two of those, the maritime monitoring group that is aligned with the British navy said that the crew abandoned its ship.