Kathmandu. There is a ceasefire in the West Asian war, but tensions between the US and Iran continue. Neither side is ready to back down, especially on the issue of the Strait of Hormuz. <\/p>\n
Donald Trump is resolute and threatening to destroy Iran. Iran, on the other hand, is not ready to give up and continues to threaten. <\/p>\n
Global tensions are at an extreme. This is reflected in the rise in crude oil prices. If the conflict escalates, the global oil and gas crisis will inevitably increase. Because during the 51-day war before the ceasefire, the closure of the Strait of Hormuz affected many countries around the world. <\/p>\n
ceasefire extended but tensions remain <\/strong><\/span><\/p>\n The US-Iran ceasefire continues and has been extended beyond its deadline. However, both sides are taking different stances on the conditions required for this. In such a situation, the possibility of an escalating war cannot be ruled out. <\/p>\n Trump is adamant about opening the Strait of Hormuz and imposing his own terms on the crude oil deal, threatening to blow up Iran’s power plants and oil wells if it refuses. <\/p>\n In a recent post on the social media platform Truth Social, Trump has also declared that Iran will be completely destroyed. In another post, Trump wrote, “Iran is sinking into economic ruin! It is desperate for cash! It is losing $ 500 million every day, and its army and police are complaining that they are not getting paid. \u2019<\/p>\n Iran has also reacted strongly to Trump’s threat and is threatening to attack the Gulf countries. Recently, an Iranian lawmaker said, “Now forget cheap gasoline.” Iran has also said that Trump’s extended ceasefire has no significance. <\/p>\n Current state of Hormuz{<\/strong><\/span><\/p>\n }<\/p>\n Despite the ceasefire, there seems to be little hope of reopening the Strait of Hormuz. The U.S. continues to blockade Iranian ports and seize Iranian-flagged ships. Iran is also taking action, insisting that it will not reopen the Strait of Hormuz under any pressure. <\/p>\n Iran has suffered the greatest economic and material losses from the war with the United States. However, many Gulf countries have also been affected. Iraq, Lebanon, Israel, Saudi Arabia and Kuwait, which are vital to global oil and gas supplies, have suffered significant loss of life and property. The Strait of Hormuz, controlled by Iran, is important to the world. It serves as an important sea route for 20 percent of total oil and gas consumption. <\/p>\n Tensions will increase in these countries{<\/strong><\/span><\/p>\n }<\/p>\n The closure of the Strait of Hormuz has caused significant pain in countries ranging from Pakistan and Bangladesh to China, Taiwan, Sri Lanka and South Korea. In some places, Covid-like restrictions have been imposed to protect energy. In other places, new rules have been imposed on everything from bathing and washing clothes to charging mobile phones and cars. China has often been angered by the oil and gas crisis and has openly supported Iran. <\/p>\n There is growing concern especially for countries whose energy security is at risk and which are heavily dependent on Iranian oil imports. If the talks between the US and Iran fail and the war escalates and oil and gas facilities are attacked, the crisis will deepen. This will cause a major blow to the economies of countries that depend on oil and gas imports and may even lead to inflation.<\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. There is a ceasefire in the West Asian war, but tensions between the US and Iran continue. Neither side is ready to back down, especially on the issue of the Strait of Hormuz. Donald Trump is resolute and threatening to destroy Iran. Iran, on the other hand, is not ready to give up and […]<\/p>\n","protected":false},"author":16,"featured_media":292963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-296367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/296367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=296367"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/296367\/revisions"}],"predecessor-version":[{"id":296368,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/296367\/revisions\/296368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/292963"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=296367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=296367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=296367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}