The war between the USA and Iran is back on. Trump announced that he will put a naval blockade in place again. The Strait of Hormuz is closed. The oil supply has come down. Get ready for the increase in oil prices. In this blog post, I will tell you about the consequences of this war.
The MOU is in the trash bin now. The peace deal is gone. Both the US and Iran are exchanging military strikes against one another. The global supply chain of oil is in complete jeopardy. Trump himself posted on X and stated that: “The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. We are reinstating the IRANIAN BLOCKADE, so named because it is only stopping Iran’s ships or customers from entering or leaving. All other countries will have fair and open use of the Strait. The U.S.A. will be, from this point forward, known as ‘THE GUARDIAN OF THE HORMUZ STRAIT,’ but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World. The process and formation will begin immediately. Thank you for your attention to this matter! President DONALD J. TRUMP.”
On Tuesday, July 14th, he flipped from his toll statement and said he wouldn’t charge any fees because the Gulf countries will invest heavily in the United States of America. I just don’t understand which statement of his I should trust? Can anyone help me for real?
It’s hard to tell what the fate of the Middle East will look like. The only answer that I know is that in the coming weeks and in the coming months, inflation will go up again. The gas prices will shoot up again. The bottom line is this: the cost of living will go up. There’s not much you can do about it. You can rant online and curse your leaders, but the hard truth is that tough times are coming and they are approaching very fast.
I can sense that no one is happy with the war, but there’s one person or one country that wanted to start the war, and that is Israel and its prime minister — Benjamin Netanyahu. He was very upset when the US signed the MOU with Iran, but now Trump is striking Iran again, and I am sure about the fact that he is happy. He is delighted to have chaos in the Middle East.
This is my take so far on this war!