Trump Claims Iran Faked Gulf Attacks to Boost Oil Prices
U.S. President Donald Trump confirmed that Iran is staging attacks and planting mines in the Strait of Hormuz with the aim of increasing oil prices before the upcoming midterm elections on November 3rd. He stated that Tehran is conducting strikes, explosions, and other incidents in the strait, while Iran announced that seven oil tankers have been subjected to incidents, with fires on four of them, all without any casualties. These events coincided with an approximately 2% rise in oil prices, with Brent crude reaching $111.24 per barrel. The Iranian Revolutionary Guard warned of escalating the conflict if the Americans continue escorting ships through the strait, threatening global shipping and energy supplies.
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