Oil prices are on the rise again, with the global benchmark surging nearly 40 percent on Thursday, after hitting a 21-year low earlier this week—reminding the world of the power that comes with even the prospect of an international conflict…
It does not appear that either the United States or Iran is backing down following a dispute in the Persian Gulf. President Trump said he stands by the order he gave to the US Navy, and if any Iranian vessels get too close to an American ship, he expects the Navy to “Shoot them out of the water.”
“We don’t want the gunboats surrounding our boats and traveling around our boats and having a good time. We don’t want them anywhere near our boats. So you know the order I gave. I don’t think I have to say it again, but I have given that order,” Trump said. “It’s a threat when they get that close to our boat. They have guns, they have very substantial weapons on those boats. But we’ll shoot them out of the water.”
In response to Trump’s warning, the head of Iran’s Revolutionary Guard fired back, and said his forces have been directed to retaliate against any American forces who threaten the safety of their military or non-military vessels.
“We have ordered our naval units at sea, in case any warships or military units from the naval force of America’s terrorist army wants to jeopardize our commercial vessels or our combat vessels, that they must target those warships or naval units,” said General Hossein Salami.
While the US accused Iran of “dangerous and provocative” maneuvers after several of its gun boats came within yards of US Coast Guard ships last week, Iran has argued it was forced to increase its patrol presence after the US failed to follow protocols.
Iran has presented the dispute as an issue of national security, noting the proximity to their country’s border. Iran’s foreign minister took to Twitter, writing “US forces have no business 7,000 miles away from home, provoking our sailors off our OWN Persian Gulf shores.”
The latest conflict also follows the launch of Iran’s first military satellite.Pentagon officials were quick to argue the launch was evidence of threatening behavior, claiming a secret military space program could be a step towards creating ballistic missiles.
“I won’t tell you exactly what the intelligence says because that’s classified information. But what I can tell you is it went a very long way. And if you have a missile that goes a very long way and whether it works or not and puts a satellite in space or not, I won’t go into those details. But it went a very long way, which means it has the ability, once again, to threaten their neighbors, our allies. And we want to make sure that they can never threaten the United States,” said Gen. John Hyten, Vice Chairman of the Joint Chiefs of Staff.
While US officials claimed the launch violates international law, reports have noted that satellite launches do not violate Iran’s 2015 international nuclear accord, which the Trump administration pulled out of back in 2018.
After removing the US from the deal, Trump proceeded to target Iran with increasing sanctions, attempting to cut off the country’s oil sales all together. But now that oil prices are historically low, Iranian President Rouhani says his country is not hurting nearly as much as other countries, because their economy no longer relies on oil exports.
Meanwhile, oil prices are on the rise again, with the global benchmark surging nearly 40 percent on Thursday, after hitting a 21-year low earlier this week.This, reminding the world of the power that comes with even the prospect of an international conflict, as it remains to be seen whether the latest exchange of threats between the US and Iran will develop into a military conflict.