US Israel Iran War: The Islamic Republic of Iran has mocked claims by United States President Donald Trump that Tehran has agreed to hand over enriched uranium. In recent times, oil prices have gone somewhat stable but any friction in the near future could yet again escalate tensions causing oil prices to rise again, causing inflation worldwide.
US Israel Iran War-Claims By Donald Trump
Trump had claimed that the United States was closer to finalizing a deal with Tehran. The US President remarked that the deal would give USA “free Strait of Hormuz and oil”.
State-owned broadcaster Islamic Republic of Iran Broadcasting (IRIB) shared a Persian proverb saying USA is enjoying the camel dreams of cottonseed where the camel is sometimes gulping it down and sometimes eating it grain by grain.
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The proverb is often used to define an individual with unrealistic dreams or desires of something that is unlikely to happen. In the past, the proverb was used by Ayatollah Ali Khamenei, the last Supreme Leader of Iran, to mock Donald Trump. On February 28, Khamenei was killed along with many top commanders of Iran in the joint airstrikes by the United States and Israel.
Meeting Of Asim Munir With Iran’s Parliament Speaker
Asim Munir, the army chief of Pakistan, recently met Mohammad Bagher Ghalibaf, the parliament speaker of Iran, as part of the country’s efforts to secure a peace deal between Iran and USA.
USA has sought a suspension of 20 years of the uranium enrichment program of Iran but Tehran has proposed suspending its nuclear program activities for a period of 5 years, an offer that was vehemently rejected by US officials.
Impact On Oil Prices
Oil prices are likely to stay elevated for a long while even if an immediate deal is reached. According to media reports, Brent Crude is likely to stay in the range of $90 to $100 throughout the summer months, supported by both inventory rebuilding and recovering demand.
