Trump says rise of petrol prices no longer due to Strait of Hormuz
Trump says rise of petrol prices no longer due to Strait of Hormuz In a post on Truth Social, US President Donald Trump stated that the rise in petrol prices is no longer due to the Strait of Hormuz. Instead, Trump said that the blowing up of Russian refineries and the closing of US refineries in some states are the actual reasons behind the spike in petrol prices.
Four Qatari LNG tankers crossed the Strait of Hormuz in early October. This has raised concerns given the current tensions in the region, particularly between the US, Israel, and Iran.
The Strait of Hormuz is a significant waterway for oil and gas shipments. An expert noted that it has been one of the most powerful instruments in Iran's actions, but its effectiveness is waning.
There have been reports of incidents involving oil tankers in the Strait of Hormuz. According to Hellenic Shipping News, the Iranian Islamic Revolution Guard Corps (IRGC) Navy targeted at least seven oil tankers in the past five days. Five Indian nationals were rescued after a Kuwaiti tanker, Kazimah III, was struck by a projectile in the strait. They were safely shifted ashore with the help of Omani authorities.
Brief written by urgent.news from Ajel English, Live Mint, FXStreet, Hellenic Shipping News — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- IRGC turns back tanker in Strait of Hormuz middleeasteye.net
- More Qatari LNG cargoes transit Strait of Hormuz despite ongoing risks: Reuters dohanews.co
- US-Iran war: Is Tehran losing Strait of Hormuz ‘psychological leverage’? Expert decodes where Tehran stays strong livemint.com
- Trump says Strait of Hormuz no longer driving gasoline prices english.ajel.sa
