Iran warns any clash in the Gulf would push oil prices above $100 - News Summed Up

Iran warns any clash in the Gulf would push oil prices above $100


Washington re-imposed sanctions last year and ratcheted them up in May, ordering all countries to halt imports of Iranian oil. In recent weeks it has also hinted at military confrontation, saying it was sending extra forces to the Middle East to respond to an Iranian threat. Yahya Rahim Safavi, a top military aide to Khamenei, said: “The Americans are fully aware that their military forces (in the region) are within the Iran’s missile range and all US and foreigners’ navy in the Persian Gulf are within the range of land-to-sea missiles of the Revolutionary Guards.”“The first bullet fired in the Persian Gulf will push oil prices above $100. US President Donald Trump has condemned the nuclear deal, signed by his predecessor Barack Obama, as flawed for not being permanent and for not covering Iran’s ballistic missile programme and role in conflicts around the Middle East. Trump said last week he was hopeful Iran would come to negotiating table to reach a new deal.


Source: bd News24 June 02, 2019 07:18 UTC



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