The price of oil reacts to the words of the head of the Pentagon. What about the US-Iran truce?
The ceasefire between Iran and the US has not been interrupted, Pentagon chief Pete Hegseth said. The Chairman of the Joint Chiefs of Staff, Dan Caine, also claims that Iran's recent acts of aggression do not exceed the threshold of “major combat operations.” This means that Tehran, according to Donald Trump's administration, has not broken the fragile truce.
See also: What about the price of oil? The US and Iran are on the brink of war again
Top US general on Iran attacks. “Below the Threshold”
“Since the ceasefire was announced, Iran has fired on commercial ships nine times, seized two container ships, and attacked U.S. forces more than 10 times – all actions that fall short of the threshold for resuming major combat operations at this stage,” Caine told reporters at the Pentagon on Tuesday, as quoted by the AP.
Speaking at a joint press conference, US Defense Secretary Pete Hegseth said the Pentagon was “not looking for a fight”.
See also: Trump and Hegseth triumph after the war with Iran. Experts have doubts
Oil price
Oil is falling on Tuesday after the Pentagon announced that the US ceasefire with Iran has not been interrupted.
Price of June oil futures Brent falls by more than 3 percent on Tuesday. up to $110 per barrel. Contracts for American crude oil WTI fall by over 4%, to $101.
Oil prices rose more than 4% on Monday as a fragile ceasefire between the U.S. and Iran appeared close to falling apart. Iran fired drones and missiles towards the United Arab Emirates, and Washington reported sinking Iranian ships in the Strait of Hormuz.
See also: Tension is growing in the Strait of Hormuz. The US appeals to China
Tension is rising in the Strait of Hormuz
The escalation of the conflict, which occurred after the United States announced the commencement of actions aimed at guiding ships from various countries through the Strait of Hormuz, put the truce in question.
The Strait of Hormuz has been virtually closed since the United States and Israel began the war with Iran in late February.
Donald Trump and “Project Freedom” in the Strait of Hormuz Strait of Hormuz
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Adam Ziemienowicz / PAP / photos
US President Donald Trump's “Project Freedom” has been in force since Monday morning.
As part of the operation, US forces will guide merchant ships and their crews through the Strait of Hormuz.
Announcing Project Freedom, the US president said that “countries from around the world” had asked the US for help in freeing their ships, calling it a “humanitarian gesture”.
U.S. Secretary of Defense Pete Hegseth said Tuesday that the project's goal is to “protect innocent commercial ships from Iranian aggression.”
Source: Financial Times, AP
