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With Trump’s mixed messaging on Iran war end, calm in oil markets may be fleeting
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Iran’s Islamic Revolutionary Guards Corps has said it would not allow any oil to leave the region if attacks from the US and Israel continue.
PHOTO: EPA
- Despite Trump's claims of a "very complete" war with Iran, analysts believe it won't end soon, citing Iran's potential objections.
- Oil reserves cannot make up for the shortfall in the supplies of gas which is used for generating electricity and heating, especially in Europe.
- Rising oil prices, impacting US gas prices and potentially leading to stagflation, are a key concern for the Trump administration ahead of the midterm elections.
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HOUSTON – The Iran war is not likely to end “very soon” despite US President Donald Trump’s declarations, analysts say. Neither ceasefire nor peace talks are on the horizon, even as Mr Trump asserted that the war was “very complete”.
