look news india
Washington: US President Donald Trump has given a big statement regarding the ongoing destructive war between America and Iran. While talking to reporters at the White House, Trump has clearly indicated that within the next two to three weeks there may be a complete stop to this great war. After his announcement, not only has there been a stir in global politics, but there has also been a tremendous rise in the stock markets around the world.
Stock market is crazy, crude oil prices fell
As soon as the war was over, the American stock market started taking off like a rocket. A huge jump of about 3.83% was recorded in Nasdaq and 2.91% in S&P 500. Its effect was also visible on Asian markets, where indices of Japan, South Korea and Australia closed in the green. The biggest relief has come from the prices of crude oil, which have fallen below $101 per barrel. There is also good news for the investors of Indian stock market, because Gift Nifty is trading up by 340 points, which is a clear indication of bumper gap-up opening in the market today.
Military goal accomplished, now America is preparing to return
Trump clarified that America’s main objective was to completely destroy Iran’s military infrastructure, especially its navy and missile systems, which has almost been achieved. He said that now there is no justification for the American army to stay there for any longer. American troops will return in the next two to three weeks. However, he also warned that if Iran does not come to the negotiating table in the meantime, the American attacks will continue.
Trump’s anger on friendly countries – ‘Save your own oil’
Trump slammed NATO and other allied countries on the issue of opening the Strait of Hormuz. Venting his anger on social media, he wrote that America will not always be present to help others. Trump argues that the closure of the Hormuz Route causes more damage to Europe and Asia because America is no longer dependent on Middle East oil. He bluntly told his colleagues to learn to protect their own oil.
Will America return without clearing the way to Hormuz?
The biggest question in this entire incident is whether America will retreat without completely opening the world’s most important maritime trade route (Hormuz). According to White House sources, opening this route is no longer an essential condition for America to end the war. If America leaves without clearing the route, Iran will further strengthen its dominance on this route, which can become a major threat to the entire world economy in the future.
Inflation and election pressure?
Experts believe that this sudden decision taken by Trump is inspired by American domestic politics and economic pressure. The Republican Party is in danger of defeat before the mid-term elections to be held in November. Due to the war, the price of petrol in America has crossed $4 per gallon, due to which there is great resentment among the general American public. Trump, who promised to start ‘no new war’ in his election campaign, now wants to get out of this military dilemma as soon as possible so that he can avoid loss in the elections.
