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Trump says US removed Iranian oil nightly
NDTV Profit··11 Jun
US President Donald Trump claimed American efforts discreetly removed millions of barrels of Iranian oil every night during the conflict, helping prevent global oil prices from surging. He said the operation had not been publicly discussed earlier to avoid compromising its effectiveness.
Prism
What It Means For You
- Oil prices can be shaped by both actual supply and what leaders claim about hidden operations.
- If claims of targeting oil ships are confirmed, they carry military, legal and market consequences.
- For fuel-importing economies, even avoided price spikes matter because $85 to $90 oil still affects inflation and trade balances.
What's Happening
- Trump claimed the US removed millions of barrels of Iranian oil from circulation nightly.
- He said 22 oil-transporting ships were targeted and linked the action to preventing a larger oil price spike.
- The remarks came amid continuing US-Iran conflict and Hormuz-related market concerns.
Oil As A War Lever
- The Strait of Hormuz is a critical route for global crude exports, making military activity there market-sensitive.
- Governments may use energy operations to pressure adversaries while trying to control price shocks.
- Markets react not just to barrels lost, but to perceived risk of broader supply disruption.
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