The former US ambassador to NATO Corto Volker on whether the US invasion of Iran will change the Middle East in Warren and the Company.
The fluctuations may endanger the oil and energy markets following US strikes on Iran, but one of the experts shows that the US is protecting any retaliatory measures that can fire one of its greatest opponents instead.
“Iran here is overshadowed.” Gabriela Hoffman told Fox News Digital Monday
“People will see that this game is with energy markets and fuel transport through those areas,” he said. “And this is opening the door of most countries that want to create energy with us, so they do not rely on Iran, China and other bad actors.”
Late Saturday, President Donald Trump launched a surprise attack on three Iranians The most prominent nuclear sites. He has confirmed that Iran's nuclear enrichment facilities have “completely destroyed”.
Wall Street Journal: Trump meets a moment in Iran
Iranian state television reports that parliament has approved a steps to close the Strait of Hormoz. If approved by the National Security Council of Iran, it could have a significant impact on 20 % of world oil liquids or about 20 million barrels per day.
Iranian Navy soldiers in a boat with a rapid -armed boat in the Persian Gulf near the Hormoz Strait, just south of Tehran, on April 30, 2019. (Pictures of Gitti)
“You have to increase the activities there,” Huffman reacted.
“We start increasing domestic production here, strategic oil reserves are re -filled. If some kind of unforeseen events or the effects of these strikes, we will see a little buffer and protection in the United States,” the expert continued. “They play with fire … There is a reason to worry, but I think we are very insulated against any retribution.”
Gabriela Hoffman, director of the Independent Women's Energy and Protection Center, will talk to Fox News about taxpayers' costs if lawmakers do not completely cancel IRA Green Tax Credit during reconciliation.
Foreign Minister Marco Rubio said about Fox News “Sunday Morning Future” This blocking of the waterway will be a “terrible mistake” and “economic suicide” and asked Beijing to call Iran “with Iran) because they are heavily dependent on the hormoles straits for their oil.”
“China will not be happy,” Huffman said. “They blame the United States, but I think these will be the countries that we have tried to establish relationships with them in the Middle East – the UAE, Qatar, Saudi Arabia – and they become angry and know that it does not do it and puts more pressure on the need. It is Iran.”
In response to attacks, Crude oil prices On Monday, he fired missiles at the US base in Qatar due to revenge on US strikes in Iran's key nuclear locations at the weekend.
The future of intermediary crude oil in West Texas fell more than 4 % to about $ 70 a barrel on Monday afternoon. Brent crude oil, the international criterion, fell to $ 73 a barrel.
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Patrick Dahan, head of oil analysis, gas, says the rise in gas prices due to Iran's possible shutdown from the Strait of Hormoz will not “long.”
“In the short term, we will probably see a rise in gasoline prices, but they began to rise because of the summer fuel combination,” Huffman said. “I think as tensions I hope to get rid of.”
“But I think we have a lot of confidence. We have more supply here. We have the interests of national security, the Ministry of Defense, they can ensure that there is no threat to our supply. So they are also warned. And we think President Trump wants to make sure that prices are not going up.”
The US Department of Energy immediately did not respond to Fox News Digital for comment.
Fox's business team has been involved in this report.