Bhubaneswar, March 21: Since the choking of the strategic chokepoint Strait of Hormuz by Iran has now sparked off a catastrophic global oil crisis apparently converting it into an economic warzone, incumbent US President Donald Trump seems to have planned for giving his bête noire Iran a taste of its own medicine by reportedly announcing a 30-day waiver/de-sanctioning sale of Iranian crude oil already loaded on vessels.
Media reports said that those Iranian-crude-oil-loaded vessels, carrying nearly 140 million barrels, have been asked to be released immediately from the clutch of Iran’s Hormuz in a bid to flood the global market and avert the crashing of global oil prices.
Such an astounding move by the Trump regime has reportedly been confirmed by US Treasury Secretary Scott Bessent yesterday (March 20).
Taking to his official X (formerly Twitter) handle, the US Treasury Secretary confirmed that the US was issuing a “narrowly tailored, short-term authorisation permitting the sale of Iranian oil currently stranded at sea.”
He also revealed that the USA plans to use “Iranian barrels against Tehran to keep the price down“.
Notably, the unabated and troublesome tug of war between US & Israel versus Iran has by now entered its 22nd day nightmarish span along with the Strait of Hormuz taken a tangled-up turn of economic warfare following which the daily thoroughfare of over “one-fifth of global oil and one-quarter of liquefied natural gas (LNG)” has been shockingly stranded igniting a skyrocketing price of crude oil reportedly $112.19 per barrel.
