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Trump weighs fresh Iran strikes as tanker attacks rattle oil market

B. Stephanie Okorie
ByB. Stephanie Okorie—
Trump weighs fresh Iran strikes as tanker attacks rattle oil market

President Donald Trump is considering a resumption of military operations against Iran as the United States prepares for possible fresh strikes, raising concerns over escalating tensions in the Middle East and their implications for global oil supplies.

According to Fox News, Trump met with his national security team on Wednesday and Thursday to discuss the possibility of renewed military action, with US Central Command reportedly finalising preparations for potential operations.

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Trump said Washington would make a decision on whether to continue strikes to ensure Iran's nuclear programme is permanently dismantled.

“I would rather not destroy the rest of the country if possible, but maybe I will have to. You'll know soon enough,” he said.

The development comes amid renewed attacks on commercial vessels in the Strait of Hormuz, a critical shipping route for global oil supplies.

Iran's Islamic Revolutionary Guard Corps (IRGC) said two oil tankers struck naval mines while another vessel caught fire on Thursday.

The United Kingdom Maritime Trade Operations (UKMTO) also reported five incidents involving vessels in the Middle East region since Sunday, according to Fox News.

The renewed maritime security concerns contributed to a rebound in oil prices on Thursday.

Brent crude futures settled at $98.29 per barrel, gaining $3.67, or 3.88%, while US West Texas Intermediate crude rose $2.40, or 2.72%, to close at $90.52 per barrel, Reuters reported.

Both benchmarks had fallen by more than 8% on Wednesday amid expectations that the Republican Party's losses in the US midterm elections could reduce the likelihood of further military escalation.

Meanwhile, Tehran has submitted a seven-point nuclear proposal to Washington through Qatari intermediaries, demanding compensation for war damages, sanctions relief, the release of frozen assets and an end to hostilities across the region.

However, diplomatic efforts remain uncertain, with significant disagreements between both countries.

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About the Author

B. Stephanie Okorie

B. Stephanie Okorie

Blessing Stephanie Okorie is a journalist, writer, and Mass Communication student at Lagos State University. She covers energy, business, and youth-focused issues, with a keen interest in telling stories that connect people, policy, and impact. She

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Trump weighs fresh Iran strikes as tanker attacks rattle oil market