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Oil shortage would materialize if Irans power plants attacked economic expert

· 2 min read

Oil shortage would materialize if Iran's power plants attacked: economic expert​

TEHRAN- An economic expert, referring to Iran's warning to the United States that the Strait of Hormuz would be completely closed if its power plants are attacked, said: "The moment a physical oil shortage occurs, the real effects of Iran's actions will become apparent on the ground, and what we are witnessing now is only the beginning of this situation."

Oil shortage would materialize if Iran's power plants attacked: economic expert

Trump walks back threat of strikes on Irans power plants in apparent move to calm oil markets

· 5 min read

Trump walks back threat of strikes on Iran’s power plants in apparent move to calm oil markets​

TEHRAN — U.S. President Donald Trump, who had issued Iran a 48-hour ultimatum to allow all ships to pass through the Strait of Hormuz or face bombing of its power plants, walked back his threats before the two-day window closed. In a post on social media, he announced that he had postponed his plans by five days.

Trump walks back threat of strikes on Iran’s power plants in apparent move to calm oil markets