Gulf Insider
Brent crude futures are up 7.5% to around $102 per barrel, while S&P 500 futures traded down about 1% after President Trump ordered the U.S. military to impose a blockade on the Strait of Hormuz, beginning Monday morning. A Wall Street Journal report indicates that President Trump is weighing limited strikes on high-value Iranian assets to break the stalemate in peace talks. The report continued: That is among the options that Trump was considering Sunday, hours after negotiations collapsed in Pakistan, the officials said. Trump could also resume a full-fledged bombing campaign, though officials said that was less likely given the prospect of further destabilizing the region and the president’s aversion to prolonged military conflicts. He could also seek a more temporary blockade while he pressures allies to take responsibility for a prolonged military escort mission through the strait in the future. U.S.-Iran ceasefire talks in Pakistan ended late Saturday without an agreement. These periods generally allow both sides to restock weapons and prepare for the next phase of fighting. OSINT (Open Source Intelligence) accounts on X are reporting a steady stream of U.S. Air Force cargo jets heading to the Middle East late Sunday. The amount of US airforce transports heading […]
Go to News Site