Free Republic

Oil prices jumped about 5% Monday as doubt grew that the U.S. and Iran will reach a deal to increase ship traffic through the Strait of Hormuz. U.S. West Texas Intermediate futures climbed about 5% to close at $82.13 per barrel. Brent crude , the international benchmark, also settled around 5% higher at $87.72 a barrel. President Donald Trump told Axios on Sunday that the U.S. is “only semi-negotiating” with Iran, after he insisted last week that Washington and Tehran were in fact holding talks. Trump indicated that he would rely on the U.S. naval blockade to pressure Tehran rather...

President Donald Trump's war against Iran is stretching the limits of U.S. aircraft carriers and leaving the western Pacific without one of the key American warships as China shows more signs of aggression. The USS George Washington is departing the Pacific and expected to replace the USS Abraham Lincoln in the Middle East amid growing concerns about mental health and supply issues aboard the long-deployed carrier. *** .*** The administration says that the Pacific is supposed to be the most important behind the Western Hemisphere,” said Greg Poling, director of the Southeast Asia Program***. Instead, the U.S. is "doing the...

President Donald Trump shared a striking social media post on Tuesday declaring the Strait of Hormuz to be American territory. The post featured a graphic image of the strait labeled "New United States Territory," a move that raises significant legal and diplomatic questions. The declaration comes amid ongoing tensions with Iran and American efforts to control the strategic shipping lane through which approximately 20 percent of the world's oil flows. While Trump has previously claimed the United States maintains "absolute control" over the strait, this latest statement represents a notable escalation in both language and policy positioning. That being said,...

President Trump claimed Wednesday that the US has complete control of the Strait of Hormuz, one day after Energy Secretary Chris Wright confirmed increasing oil exports from the crucial waterway as Iran’s economy continues to free fall. “The U.S.A. has total control over the Strait of Hormuz. I THINK WE WILL KEEP IT!” Trump proclaimed on Truth Social. “Our Naval Blockade is being called, by everyone, ‘A WALL OF STEEL,’ and there is nothing Iran can do about it,” he added. ***“On Sunday alone, over 20 million barrels left the Arabian gulf region, which is above the pre-conflict average.” Only...