Source: Fortune.com
Summary
President Donald Trump said he plans to waive oil-related sanctions and have the US Navy escort tankers through the Strait of Hormuz as he confronted mounting economic and political pressures after days of dramatic fluctuations in oil markets. Trump predicted the war with Iran would resolve “very soon” and did not believe the conflict would be over this week. He also spoke with Russian President Vladimir Putin about Iran and the war in Ukraine.
Our Reading
The numbers tell one story. Trump’s remarks underscored a new willingness by the White House to publicly indicate that it could be moving soon to attempt to wrap up the conflict. The president claimed the US had hit 5,000 targets in Iran and said the country’s missile capability was down to 10%. Trump also acknowledged unanswered questions that remained about the leadership in Tehran and vowed he would “not relent until the enemy is totally and decisively defeated.”
The situation is a classic case of “we’re winning, but not winning enough.” Trump’s comments signal a possible conclusion to the conflict, but the reality on the ground is far from certain.
Author: Evan Null
