"Those attacks, and the US's reluctance to send US Navy ships to protect ships that pass through the Strait of Hormuz "are raising the prospect of a prolonged closure that would choke off exports through the world's most important energy-transport route." After President Trump, who started this war, promised to sell insurance to ships in the region, US officials "called London insurers and brokers, trying to figure out how the market operates.""
"War news: US strikes in Iran continued yesterday, and Iran struck three more ships in the Persian Gulf overnight. Iran said oil could hit $200 a barrel. Oil already passed $100 a barrel yesterday due to Iran's constant attacks. Those attacks, and the US's reluctance to send US Navy ships to protect ships that pass through the Strait of Hormuz "are raising the prospect of a prolonged closure.""
"Iran's leadership "is not at risk of collapse any time time soon after nearly two weeks of relentless U.S. and Israeli bombardment," according to US intelligence. Trump authorized the US to release oil from its Strategic Petroleum Reserve-it'll come online in about 120 days, so early July. The national average gas price is now $3.598."
A weather forecast predicts rain, winds, and possible snow with temperatures dropping to 36°F by afternoon, clearing overnight to 32°F. Local sports events include Wizards visiting Orlando and Capitals visiting Buffalo. The roundup highlights music recommendations, including Amythyst Kiah performing at the Library of Congress. Geopolitical developments dominate administration news: US strikes in Iran continue, Iran attacked three ships in the Persian Gulf, and oil prices exceeded $100 per barrel. Iran threatened oil could reach $200 per barrel. The US reluctance to protect ships through the Strait of Hormuz risks prolonged closure of critical energy routes. President Trump authorized Strategic Petroleum Reserve releases expected in July. National average gas prices reached $3.598. US intelligence indicates Iran's leadership faces no imminent collapse despite sustained bombardment.
#us-iran-military-conflict #oil-prices-and-energy-crisis #strait-of-hormuz-shipping #weather-forecast #geopolitical-tensions
Read at Washingtonian - The website that Washington lives by.
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