Trump also announced the U.S. would be shifting responsibility for the Strait of Hormuz to countries that rely on it. U.S. President Donald Trump said the military could end its Iran offensive in two to three weeks and will shift responsibility for the Strait of Hormuz to countries that rely on it for oil and shipping as the White House announced a prime-time presidential address Wednesday evening on the war.Trump expressed frustration Tuesday with allies who have been unwilling to do more to support the U.S. war effort, telling them to “go get your own oil.” Trump recently has vacillated between insisting there is progress in diplomatic talks with Iran and threatening to widen the war.In an interview with pan-Arab broadcaster Al Jazeera, Iranian Foreign Minister Abbas Araghchi acknowledged receiving direct messages from U.S. Mideast envoy Steve Witkoff. He insisted, however, that there were no direct negotiations and said Iran has no faith that talks with the U.S. could yield any results, saying “the trust level is at zero.”Trump said the U.S. “will not have anything to do with” what happens next in the vital waterway that has been closed by the Islamic Republic. Instead, he told reporters, the responsibility for keeping the strait open will rest with countries that rely on it. Gulf states rely on the waterway for both exports and imports, including food, and 20% of the world’s oil supply flows through it.U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday, as the Iran war continues to push fuel prices higher worldwide. Analysts say those high fuel costs will trickle into groceries as businesses’ transportation and packaging costs pile up.
U.S. military attacks on Iran could end in 2–3 weeks, Trump says
Why This Matters
The potential U.S. military action against Iran and the shifting of responsibility for the Strait of Hormuz highlight escalating tensions in the Middle East, with significant implications for global oil supply and energy prices. This development underscores the interconnectedness of geopolitics and the tech industry, particularly in terms of supply chain stability and energy costs affecting manufacturing and consumer electronics. The situation also raises concerns about increased volatility in global markets and the importance of technological resilience in the face of geopolitical disruptions.
Key Takeaways
- U.S. military could conclude Iran offensive in 2-3 weeks.
- Responsibility for the Strait of Hormuz will be transferred to reliant countries.
- Global oil prices and fuel costs are rising, impacting consumers and industries.
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