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Iran's Hormuz Standoff & Trump's Shifting Stance Impact Oil Prices

Iran's Hormuz Standoff & Trump's Shifting Stance Impact Oil Prices

MGR Online•International•33d ago

Reader Briefing

Escalating tensions between Iran and the US/Israel continue, with Iran vowing to block oil exports from the Persian Gulf and refusing ceasefire talks, while US President Trump makes contradictory statements, leading to market volatility despite his claims the conflict will end soon.

  • •Iran has declared it will not allow oil exports from the Persian Gulf until the US and Israel cease attacks, asserting its sole right to determine the war's end.
  • •US President Donald Trump has made conflicting statements regarding potential talks with Iran and the expected duration of the conflict, fueling market uncertainty.
  • •Despite the diplomatic standoff, global financial markets reacted to Trump's optimistic outlook, with oil prices falling after earlier spikes, and Asian and European stock markets showing gains.
  • •Military alerts were sounded in Dubai, Bahrain, Saudi Arabia, Kuwait, and Israel, indicating ongoing regional instability and missile threats.

Overview

  • •Iran declared on Tuesday (March 10) it would not allow oil to leave the Persian Gulf if America and Israel continued their attacks, stating Tehran seeks no ceasefire and will dictate the war's end.
  • •Donald Trump stated in a Fox News interview that there was a possibility of talking with Iran, despite previous threats.
  • •On Monday (March 9), President Trump told reporters that the conflict with Iran could end soon, citing significant American progress.
  • •This statement by Trump resulted in a sharp drop in crude oil prices after they had surged historically on Monday.
  • •Asian and European stock prices showed an uptick on Tuesday following Trump's comments about the potential swift end to the conflict.
  • •On Monday, Trump held a press conference, seemingly to assure that he would end the conflict before it caused an economic crisis similar to the 1970s oil shock.
  • •Trump stated that the US had inflicted heavy damage on Iran and predicted the conflict would end in under four weeks.
  • •The Wall Street Journal reported on Tuesday (March 10) that Trump faced increasing pressure from advisors to find a path to end the war with Iran due to rising oil prices and potential domestic political costs.

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Key Quotes

Iran's Government
"Will not allow a single liter of oil to leave the Persian Gulf if America and Israel do not stop their attacks."
จะไม่ยอมให้น้ำมันออกจากอ่าวเปอร์เซียแม้แต่ลิตรเดียว หากอเมริกากับอิสราเอลยังไม่เลิกโจมตี
Donald Trump
"There is a possibility that he will talk with Iran."
มีความเป็นไปได้ที่เขาจะพูดคุยกับฝ่ายอิหร่าน
Donald Trump
"The war with Iran may end soon."
สงครามกับอิหร่านอาจจบลงเร็วๆนี้
Donald Trump
"I think the war is very perfect."
ผมคิดว่าสงครามสมบูรณ์แบบมากทีเดียว
Donald Trump
"If Iran does anything to stop the flow of oil through the Strait of Hormuz, they will be hit by the United States 20 times harder."
ถ้าอิหร่านทำอะไรก็ตามที่หยุดยั้งการไหลของน้ำมันภายในช่องแคบฮอร์มุซแล้ว พวกเขาก็จะถูกกระหน่ำตีจากสหรัฐอเมริกา หนักหน่วงขึ้นอีก 20 เท่าตัว
Ali Larijani
"Iran is not afraid of your empty threats."
อิหร่านไม่กลัวคำข่มขู่ที่ว่างเปล่าของคุณหรอก
Mohammad Bagher Ghalibaf
"Iran does not want a ceasefire agreement but believes aggressors should be countered swiftly and severely."
อิหร่านไม่ต้องการข้อตกลงหยุดยิง แต่เชื่อว่า ผู้รุกรานควรถูกโต้กลับอย่างฉับพลันและรุนแรง

Key Entities

Place

Iran(อิหร่าน)ℹ️
A nation involved in ongoing military conflict and trade disputes, particularly concerning oil exports.
America(อเมริกา)ℹ️
A nation engaged in military action and diplomatic exchanges concerning the conflict with Iran.
Israel(อิสราเอล)ℹ️
A nation involved in the ongoing conflict with Iran, mentioned in conjunction with American attacks.
Hormuz(ฮอร์มุซ)ℹ️
The Strait of Hormuz, a critical waterway for oil exports, which Iran has threatened to close.
Dubai(ดูไบ)ℹ️
A location where missile warning sirens sounded, indicating regional military activity.
Bahrain(บาห์เรน)ℹ️
A location where missile warning sirens sounded, indicating regional military activity.
Saudi Arabia(ซาอุดีอาระเบีย)ℹ️
A country that reported downing two drones over its oil-rich eastern region.
Kuwait(คูเวต)ℹ️
A country whose National Guard shot down six drones.
Israel(อิสราเอล)ℹ️
A country experiencing missile warning sirens and explosions as its defense system intercepted an Iranian attack.
Jerusalem(เยรูซาเลม)ℹ️
A city in Israel where warning sirens sounded, indicating a missile threat.
Tel Aviv(เทลอาวีฟ)ℹ️
A city in Israel where explosions were heard during an Iranian attack.

Person

Trump(ทรัมป์)ℹ️
US President who made shifting statements about the conflict with Iran and its potential resolution.
Vladimir Putin(วลาดิมีร์ ปูติน)ℹ️
President of Russia, with whom Donald Trump discussed the war.
Karoline Leavitt(แคโรไลน์ ลีวิตต์)
White House Communications Secretary who denied reports of internal government divisions.
Mojtaba Khamenei(โมจตาบา คอเมเนอี)
The new Supreme Leader of Iran, with whom Donald Trump expressed dissatisfaction.
Mohammad Bagher Ghalibaf(โมฮัมหมัด บาเกอร์ กาลิบาฟ)ℹ️
Spokesperson for Iran's Parliament who posted on X about Iran's stance on the conflict.
Abbas Araghchi(อาบอัส อารักชี)
Iranian Foreign Minister who sent a message to Washington and criticized American attacks.
Ali Larijani(อาลี ลาริจานี)ℹ️
Head of Iran's Supreme National Security Council who responded to Donald Trump's threats.

Organization

Fox News(ฟ็อกซ์นิวส์)ℹ️
A news outlet that interviewed US President Donald Trump regarding the conflict.
CBS News(ซีบีเอสนิวส์)ℹ️
A news outlet that interviewed US President Donald Trump about the war.
Reuters(รอยเตอร์)ℹ️
News agency that reported on Donald Trump's press conference regarding the conflict.
Advisors(คณะที่ปรึกษา)
Group exerting pressure on Donald Trump to find a resolution to the conflict with Iran.
The Wall Street Journal(วอลล์สตรีท เจอร์นัล)ℹ️
Newspaper that reported on internal pressures on President Trump regarding the war with Iran.
Islamic Revolutionary Guard Corps (IRGC)(กองกำลังพิทักษ์การปฏิวัติอิสลาม)ℹ️
Iranian military force that mocked Trump's efforts to reduce the economic impact of the war and warned against Middle Eastern oil exports.
PBS NewsHour(พีบีเอส นิวส์ ทีวีสาธารณะ)ℹ️
A public television news program in the US where the Iranian Foreign Minister gave an interview.
Truth Social(ทรูธ โซเชียล)ℹ️
Social media platform where Donald Trump posted a response to Iran's statements.
X platform(แพลตฟอร์ม X)ℹ️
Social media platform where Ali Larijani posted a response to Donald Trump.