Hoy expira la tregua de 60 días entre EEUU e Irán en plena tensión y con Ormuz en el foco

On Monday, August 17, the geopolitical world faces a fiery deadline as the 60-day truce between the United States and Iran officially expires. Two months after its signing, the peace has not only remained distant but has worsened, with escalating tensions making a short-term resolution for the conflict unlikely. Both nations have been using inflammatory rhetoric.

U.S. President Donald Trump threatened to punish Iran with an unprecedented economic war on Friday, while promising to declare the Strait of Hormuz as U.S. territory after defeating the Islamic Republic. This strategic sea passage has become the cornerstone of the war and a source of significant global economic issues, as its prolonged blockade reduces the flow of essential raw materials like oil, gas, and fertilizers, and has driven up their prices.

Iran is unwilling to let the U.S. control its main weapon of pressure in this conflict: the Strait of Hormuz.

Yesterday, Iran's Supreme Commander, Amir Hatami, stated that Teheran would prevent the U.S. from re-entering the Persian Gulf, the Oman Sea, and the Strait of Hormuz or restoring its bases in the Middle East. Meanwhile, Iran's Foreign Minister, Abbas Araqchi, accused Washington of violating the June agreement, thus negating the 60-day ceasefire that was supposed to be extended.

Over the past weeks, mutual accusations of violating the truce have been constant. With this background, the oil market watches with concern as a scenario that seems unlikely to clear up further complicates and could lead to a shortage of energy supply. Oil prices dropped to $88.6 per barrel last week but surged more than 11% since August 4. Analysts fear that it will continue to rise sharply.