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Oil conflict escalates across Middle East
The article discusses the escalation of the oil war between the United States and Iran, where Donald Trump is seeking to lower oil prices ahead of the American midterm elections by moving against Russian oil and reaching understandings with Moscow, including freezing sanctions on Russia for 60 days, despite criticism from some members of Congress. Meanwhile, Iran is intensifying its attacks on oil tankers in the Strait of Hormuz, leading to fires on two ships and a noticeable increase in attacks on vessels. Additionally, the Houthi group in Yemen is playing a role in the escalation by expanding its attacks on Saudi Arabia, amid the absence of any diplomatic prospects for resolving the conflicts. This has caused oil prices to rise to around $110 per barrel. The struggle over oil supplies and regional security in the Gulf remains the main source of tension, with no diplomatic consensus reached so far.
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