US attacks Iranian targets in Strait of Hormuz after firing on American aircraft
Officials tell Fox News the offensive was defensive, while Trump says oil and gasoline will fall quickly as he ends what he calls a war of necessity.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM FOX BUSINESS · 2 MIN
American forces launched defensive strikes against Iranian positions in the Strait of Hormuz region last night in response to Iranian fire on a US aircraft. The information comes from American officials who spoke to Fox News, according to the broadcaster.
According to correspondent Jonathan Hunt, who broadcast live from Tel Aviv, the targets were on the island of Qeshm, in the heart of the strait, and would have been used to shoot at the aircraft. An American official said the US will continue to act this way. For Hunt, the episode seems like another one of the reciprocal retaliatory attacks that the region has seen regularly for a few months.
Despite the military action, the commander in chief continues to press for diplomatic channels. According to Fox News, the president claims he is in no rush to resume attacks on Tehran and, in other comments, appeared willing to give peace a chance, at least for now.
Oil, gasoline and the political argument
The president said the US controls the strait through a naval blockade. According to the broadcaster, he stated that oil and gasoline prices will fall very quickly once he ends what he describes as a war of necessity. This is a projection by the president, not a market estimate.
He also linked the topic to the electoral calendar. "I hope people realize this when they go to the voting booth, because we had to stop Iran from having a nuclear weapon," he declared. He then stated that if Iran had this weaponry, the country "could never function in the same way" and the world would be a different place.
What to watch out for
Hunt reported increased diplomatic activity in the region, with Iran speaking to several intermediaries. Iranian authorities, according to him, also issued warnings, but the available transcript ends before detailing them.
For investors, the Strait of Hormuz is a sensitive point, and the combination of specific clashes with trading signals keeps the picture uncertain. The trajectory of energy prices cited by the president will depend on the direction of this impasse, which could be reflected in stock markets, interest rates and exchange rates.
Automatically translated from Portuguese.
