SummaryShipping disruption: Houthi threats forced two Saudi oil tankers to turn around in the Red Sea as Hormuz traffic slowed sharply after more tanker attacks.Escalation in Gulf: Iran claimed strikes on infrastructure in Bahrain, Kuwait, and Jordan, while Kuwait reported a second day of attacks on power and desalination plants.Trump vows more to come: The US launched fresh strikes on Iranian targets, Trump vowed retaliation, and Reuters reported a proposed 10-day ceasefire. "We've been nice," Trump says, warning of more attacks to come.Oil surges: Crude prices hit multi-week highs amid shipping disruptions, with warnings oil could reach $120 if fighting continues.Pentagon scrutiny: The New York Times reported the Pentagon withheld information about dozens of US troops injured in Iranian attacks before the deadly Jordan missile strike.Strait of Hormuz traffic returns to normal by August 31?
Yes 14% · No 87%View full market & trade on Polymarket* * *Trump Gives Wide-Ranging Comments on Iran: Doesn't Want to Talk, "We've Been Nice"President Trump issued a series of big claims to reporters in the Oval Office on Tuesday. For starters he asserted that Iran wants to "desperately" meet but said "we" have no interest, and that the US military is not finished at all with Iran, and so there's no interest in talking at the moment.And amid polls that show the war is increasingly unpopular among American voters, he stated that Iran is "probably" trying to hurt his and his Republican Party's chances in the upcoming congressional elections in November by seeking to control Strait of Hormuz, and with the latest attacks on international shipping. "I'm just going to do the right thing," Trump claimed, before saying that "The election, I can’t think about that having to do with this. I think people are very impressed."He also revisited the Obama-era JCPOA, saying if the US hadn't "terminated the nuclear deal" then "you wouldn’t have Israel right now because they would have had a nuclear weapon years ago." He added that "if we didn’t do the B2 bombers knocking out the nuclear sites a year ago, one of the first things we did early in the administration, they [Iran] would have a nuclear weapon, and you wouldn’t have Israel." Trump continued, "And in my opinion, you wouldn’t have various other countries in the Middle East [as] they would have been terminated, extinguished."He continued to be pressed on what the 'plan' and end goal is, and what the stopping and exit point might be. The president's response:Reporter: There are no signs that Iran is ready to stop fighting. So, what is the plan?
