Mike Waltz would not rule out another year of the Iran war on Friday morning as oil spiked to $115.
Trump's ambassador to the UN gave the Financial Times an answer the paper read as another year of war. "I'm not going to put out hypotheticals," he said. "One would hope that they'll come to the table in a meaningful way before that." Trump said at the start it would take four to five weeks. Waltz added that the president "and the U.S. Navy can maintain this blockade for the foreseeable future."
Brent crossed $114 a barrel on Friday, after Iran's Revolutionary Guards said they had put seven tankers out of action near the Strait of Hormuz, four hit on the route the U.S. Navy vouches for and three on mines. Nobody outside Iran has confirmed one. The FT put the day's high at $115, the first time since May. Iranian state TV then said every "non-compliant" ship in the strait was "completely halted."
Trump answered Thursday night on Truth Social. "Iran is doing everything they can to drive up the price of Oil prior to the U.S. Midterm Election," he wrote. "They are even making up fake hits, mines, and everything else." He has told voters the price comes down after the election.
The traders disagree.
