Flooding Threatens Iranian Oil Tankers

The article discusses the efforts of the U.S. administration to weaken Iran by escalating attacks on Iranian oil tankers, aiming to disrupt its exports, which are a primary source of foreign currency and economic revenue. It highlights that Iran possesses a clear fleet of 60 to 70 tankers, in addition to "shadow ships" used to circumvent sanctions. Oil exports have dropped from about two million barrels daily before the sanctions to approximately a quarter of a million barrels currently. The U.S. Navy has targeted some Iranian tankers, sinking a few, but this accounts for no more than 10% of Iran's fleet, meaning that the long-term effects will take time to materialize and require sustained effort to achieve a significant impact. In response, Iran continues to target military bases and ports in the region, opposing the military escalation and betting on rising global oil prices, which have exceeded $100 per barrel of Brent crude, benefiting from geopolitical tensions. Iran believes that higher prices could weaken support for the Trump administration ahead of international elections. The article underscores that the conflict between Washington and Tehran is escalating, threatening to prolong the deterioration of global economic and living conditions. If both sides do not resume negotiations, the confrontation could intensify, increasing violence and impacting people worldwide.

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