The spike in oil prices is certainly rocking financial markets worldwide because there is concern that the war could block the global flow of oil and natural gas for *** long period of time. There’s concern Iran could start mining the Strait of Hormuz, the narrow waterway off its coast where about 20% of the world’s oil passes, even though President Donald Trump said there are no reports of that happening yet. The US military destroyed more than *** dozen mine laying Iranian vessels on Tuesday that could lay bombs in the path ships travel. The president also ramped up threats, saying if Iran placed mines and they are not removed, quote, the Military consequences to Iran will be at *** level never seen before. Some analysts warn oil prices will go much higher if the Strait of Hormuz remains mostly closed, which would increase gas prices in the US even further. According to AAA today, the national average for *** gallon is 358. The White House insists the price hike is temporary. The recent increase in oil and gas prices is temporary, and this operation. Will result in lower gas prices in the long term. Once the national security objectives of Operation Epic Fury are fully achieved, Americans will see oil and gas prices drop rapidly, potentially even lower than they were prior to the start of the operation. Today, the G7 leaders from the world’s seven largest economies will be meeting to discuss the economic consequences from this war at the White House. I’m Rachel Hirsheimer.
Roughly 2,500 Marines and at least one amphibious assault ship are headed for the Middle East, a U.S. official told The Associated Press.The official, who spoke on condition of anonymity to discuss sensitive military plans, said that elements from the 31st Marine Expeditionary Unit and the amphibious assault ship USS Tripoli have been ordered to the Middle East. The move would mark a major addition of troops to the region.Marine Expeditionary Units are not only trained and equipped to conduct amphibious landings but they also specialize in bolstering security at embassies, evacuating civilians, and disaster relief. While the deployment is a major increase of troops to the region, it does not necessarily indicate that a ground operation is imminent or will take place at all.The 31st Marine Expeditionary Unit, as well the Tripoli and other amphibious assault ships carrying the Marines are based in Japan and have been at sea in the waters of the Pacific Ocean for the past several days, according to images released by the military. Their location puts them more than a week away from the waters off Iran.Iran has continued to launch widespread missile and drone attacks on Israel and neighboring Gulf states, and has effectively closed the Strait of Hormuz, through which a fifth of the world’s traded oil passes, even as U.S. and Israeli warplanes pummel military and other targets across Iran.The humanitarian crisis in Lebanon deepened, with nearly 800 people killed and 850,000 displaced as Israel launched waves of strikes against Iran-backed Hezbollah militants and warned there would be no let up.With growing global concerns about a possible energy crisis, the price of Brent crude oil, the international standard, hovered around $100 per barrel. Brent prices are about 40% higher than when Israel and the United States launched the war on Feb. 28.In an interview with Fox News, U.S. President Donald Trump said the war would end “when I feel it in my bones.”
Roughly 2,500 Marines and at least one amphibious assault ship are headed for the Middle East, a U.S. official told The Associated Press.
The official, who spoke on condition of anonymity to discuss sensitive military plans, said that elements from the 31st Marine Expeditionary Unit and the amphibious assault ship USS Tripoli have been ordered to the Middle East. The move would mark a major addition of troops to the region.
Marine Expeditionary Units are not only trained and equipped to conduct amphibious landings but they also specialize in bolstering security at embassies, evacuating civilians, and disaster relief. While the deployment is a major increase of troops to the region, it does not necessarily indicate that a ground operation is imminent or will take place at all.
The 31st Marine Expeditionary Unit, as well the Tripoli and other amphibious assault ships carrying the Marines are based in Japan and have been at sea in the waters of the Pacific Ocean for the past several days, according to images released by the military. Their location puts them more than a week away from the waters off Iran.
Iran has continued to launch widespread missile and drone attacks on Israel and neighboring Gulf states, and has effectively closed the Strait of Hormuz, through which a fifth of the world’s traded oil passes, even as U.S. and Israeli warplanes pummel military and other targets across Iran.
The humanitarian crisis in Lebanon deepened, with nearly 800 people killed and 850,000 displaced as Israel launched waves of strikes against Iran-backed Hezbollah militants and warned there would be no let up.
With growing global concerns about a possible energy crisis, the price of Brent crude oil, the international standard, hovered around $100 per barrel. Brent prices are about 40% higher than when Israel and the United States launched the war on Feb. 28.
In an interview with Fox News, U.S. President Donald Trump said the war would end “when I feel it in my bones.”
