Amidst the war in the Middle East, the price of crude oil has touched $ 120 per barrel. This is the highest in 4 years. According to the latest data, the price of Brent crude went up to about $ 119.76 per barrel, which is the highest level since June 2022. According to The Guardian, the reason for this is Trump’s statement in which he said that America will continue its military blockade on Iran’s ports. He said that the blockade will not be lifted until Iran makes an agreement on its nuclear program. This decision has a direct impact on the ongoing tension on Hormuz, which is one of the world’s most important oil supply routes. Because of this, uncertainty regarding oil supply has increased. At the same time, Iranian Parliament Speaker Mohammad Bagher Ghalibaf taunted about the rising oil prices and said that the next level is going to be $140. He said that his people are giving useless advice to Trump. He also made fun of US Finance Minister Scott Besant and said that oil prices were increasing because of his advice. America spent 25 billion dollars on the Iran war. America has spent 25 billion dollars on the Iran war so far in the last 2 months. Senior US Defense Ministry official Jules W. Hurst gave this information on Wednesday in the hearing of the Armed Services Committee of Parliament. According to Hurst, a major part of the total expenditure has been on weapons, missiles and ammunition. 5 big updates of the last 24 hours… 1. Trump shared a photo with a rifle. US President Donald Trump warned Iran by posting a photo with a rifle. It was written on the photo – No more Mr. Nice Guy. 2. Swedish PM raised questions on American strategy. Swedish Prime Minister Ulf Christerson said that America does not seem to have any clear strategy in the Iran war. 3. Iran complained to the United Nations about America. Iran complained to the United Nations accusing America of seizing ships and seizing 38 lakh barrels of oil. 4. 12 lakh people in Lebanon are at risk of starvation. A UN report said that due to war, displacement and economic pressure, more than 12 lakh people in Lebanon may face food crisis. 5. Phone conversation between India-Iran Foreign Ministers Foreign Minister S. Jaishankar and Iran’s Foreign Minister Abbas Araghchi discussed the ceasefire, bilateral relations and the regional situation over the phone. For updates related to Iran war, go through the blog below…
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