Wall Street Journal (June 14)
Even if the U.S./Iran deal holds, it will still “take months for the oil market to return to normal.” First the mines must be removed. Even then, insurers and oil shippers “are expected to remain cautious about traveling through the waterway. It would likely take even longer for the U.S. and other countries to replenish their depleted oil inventories, keeping prices elevated.”
Tags: Cautious, Deal, Depleted, Insurers, Iran, Mines, Normal, Oil inventories, Oil market, Oil shippers, Prices, Replenish, U.S., Waterway
Washington Post (June 14)
“Is the Iran-U.S. tinderbox about to ignite?” In one sense, it already has. Burning tankers provided “the dramatic imagery that sometimes precedes armed conflict.” Clearly fraught, the confrontation is partly due to “Iranian overconfidence” and frustration. “Trump’s ‘maximum pressure’ campaign has collided head on with Khamenei’s maximum resistance. Met by American economic warfare, Iran’s hard-liners are doubling down with their own forms of deniable warfare, with mines, drones and proxy attacks.”
Tags: Armed conflict, Confrontation, Deniable warfare, Drones, Economic warfare, Frustration, Hard-liners, Ignite, Iran, Khamenei, Mines, Overconfidence, Pressure, Proxy attacks, Resistance, Tankers, Tinderbox, Trump’s, U.S.
