#trade-embargo-threats

#trade-embargo-threats

Residents in Lebanon are closely monitoring the U.S.-Iran situation, fearing that if talks collapse, the temporary ceasefire with Hezbollah will also end, prolonging their suffering.

President Trump ordered the U.S. Navy on Truth Social to 'shoot and kill' any Iranian boats laying mines with 'no hesitation.' This directive comes amid concerns over new mines in the Strait of Hormuz, which could deepen the largest oil supply disruption in history.

The actual reason was intense pressure exerted by Chinese authorities, including economic coercion. Using coercive means to force a third country to change its sovereign decisions not only undermines aviation safety and violates relevant international norms and practices, it also constitutes a blatant interference in another country's internal affairs.

"The impact is that it has affected how much African carriers purchase aviation fuel for their operations," Dominick Andoh, managing partner of AviationGhana, told DW.

"As we have made clear, we will pursue global maritime enforcement efforts to disrupt illicit networks and interdict sanctioned vessels providing material support to Iran - anywhere they operate. International waters are not a refuge for sanctioned vessels."

"The word 'choke off' is awfully tough," Trump said. "I'm not trying to, but, it looks like it's something that's just not going to be able to survive."

U.S. average gasoline prices may not return to pre-Iran war levels under $3-per-gallon until next year, Energy Secretary Chris Wright said Sunday morning. But prices have likely peaked, and they'll start going down, certainly with a resolution of this conflict, you'll see prices go down.

The US Department of the Treasury said it would authorise companies seeking licences to resell Venezuelan oil for commercial and humanitarian use in Cuba. It said the new favorable licensing policy would not cover persons or entities associated with the Cuban military, intelligence services, or other government institutions.