Oil firms making too much from Iran war – Trump
Donald Trump criticizes major oil companies for making “too much money” from high prices due to the Iran war, urging them to cut consumer prices. Read More: https://punchng.com/oil-firms-making-too-much-from-iran-war-trump/
US President Donald Trump warned on Monday that Iran had only one final opportunity to reach a deal with Washington to reopen the Strait of Hormuz and end the five-month-long war. Speaking from the Oval Office, Trump said he intended to give Iran every chance before resorting to "decapitation." He claimed that talks with Tehran were ongoing, despite Iran's insistence that no direct negotiations were taking place.
The US president said Iran was being supported by Saudi Arabia, the UAE, and Qatar in their push for direct talks. Tehran denied the existence of any direct negotiations, stating that they were instead focused on a peace deal with Oman. Trump suggested that negotiations could result in the immediate reopening of the Strait of Hormuz, with the nuclear issue to follow.
He dismissed Iran's claims of being duplicitous for denying the talks. The closure of the Strait, which carries a fifth of global oil and liquefied natural gas supplies, has led to increased energy prices and global inflation. In response, the US has maintained a maritime blockade against Iran, which has been sporadically enforced. CENTCOM has redirected, disabled, and boarded 44 commercial vessels during this period.
Written by urgent.news from Reuters Business via SCMP's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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