Although Donald Trump said the ceasefire was still in place, he said it was “incredibly weak.” “The ceasefire is on massive life support,” the president told reporters in the Oval Office, comparing the ceasefire to a patient on artificial life support whose doctor gives him 1 percent. chances.
See also: Oil prices rise after Trump's words. Here's what he said about Iran's proposal
Speaking to reporters on Monday, Trump called Iran's response to his proposal “garbage” and added that he “didn't even finish reading it.”
Iran-US ceasefire. Harsh words from Donald Trump
As Bloomberg found, Iran responded to last week's US peace proposal with demands lifting the US naval blockade and easing sanctions, while also wanting to maintain a degree of control over traffic through the Strait of Hormuz.
Donald Trump has not indicated whether the United States will resume military attacks on Iran, as he previously threatened, if the leaders of the Islamic Republic do not agree to his terms.
At the same time, he expressed disappointment with the state of talks with Iran, telling reporters that Iranian leaders were “changing their minds” as the sides reach an agreement.
See also: Oil prices rise after Trump's words. Here's what he said about Iran's proposal
Hot in the Strait of Hormuz
The US president said earlier on Monday that he was considering resuming escorting ships through the crucial Strait of Hormuz.
“Project Freedom,” a U.S. operation to ease navigation through the Strait of Hormuz, was suspended last week, just three days after its launch.
The U.S. Navy incurs millions of dollars in additional costs every time it sends one of its destroyers through the Strait of Hormuz. The crossing requires additional surveillance measures and support from fighter planes and helicopters.
The cost of multiple escorts of merchant ships entering and leaving the Persian Gulf would raise the cost of the conflict by billions, Bloomberg estimates.
War with Iran
The conflict has claimed thousands of lives in the Middle East and shaken oil and gas markets.
The 10-week war has created a global energy crisis and poses serious political risks for Trump and his Republican Party.
The conflict has also caused tensions in relations with China, with President Xi Jinping and Trump scheduled to meet this week in Beijing.
So far in the war, there have been no public signs that Tehran intends to withdraw. Iran has deployed its Ghadir-class midget submarines to the Persian Gulf to act as an “invisible guard” of the Strait of Hormuz, the semi-official Tasnim news agency reported.
Source: Bloomberg
