Trump in a social media post declared the ceasefire agreement a “big day for World Peace” and that the U.S. “will be helping with the traffic buildup in the Strait of Hormuz.”
“There will be lots of positive action!” Trump predicted in his post.
“Big money will be made. Iran can start the reconstruction process. We’ll be loading up with supplies of all kinds, and just ‘hangin’ around’ in order to make sure that everything goes well. I feel confident that it will.”
Trump’s message on his Truth Social website signals Washington’s concern about Iran maintaining its chokehold over the narrow mouth of the Persian Gulf, through which 20% of all oil and natural gas passes in peace time.
Tanker traveling from Strait of Hormuz reaches Thailand
Thai energy conglomerate Bangchak Corporation said Wednesday that an oil tanker that transited through the Strait of Hormuz last month has arrived in Thailand.
The ship arrived in the Bangchak Sriracha Refinery port Tuesday night with about 700,000 barrels of crude oil, the company said in a statement.
The company said it now holds enough crude oil to sustain about two months of production.
The Thai government said last month that a negotiation with Iran secured safe passage through the strait for Thai ships.
Israeli opposition leader slams ceasefire as ‘political disaster’
Israeli opposition leader Yair Lapid lashed out at Israeli Prime Minister Benjamin Netanyahu over the two-week ceasefire between the U.S., Iran and Israel.
“There has never been such a political disaster in our entire history. Israel was not even at the table when decisions were made concerning the core of our national security,” Lapid wrote in a Wednesday morning post on X.
Lapid and other opposition party leaders in Israel have expressed support for the war against Iran while criticizing its “management.”
Lapid said in the post hours after the agreement was announced that “the military did everything asked of it, the public displayed incredible resilience, but Netanyahu failed politically, failed strategically, failed to meet any of the goals he himself set.”
Oman welcomes US-Iranian ceasefire
Oman said it welcomes the U.S.-Iranian ceasefire agreement and praised Pakistan’s mediation efforts to bring about the 14-day cessation of hostilities.
Prior to the war, Oman was a key mediator in its capital Muscat and in Geneva.
“The Sultanate of Oman emphasizes the importance of intensifying efforts now to find solutions that will end the crisis at its roots and achieve a permanent cessation of hostilities in the region,” the Omani Foreign Ministry said in a statement.
Oil prices fall and Asian benchmarks rise
Benchmark U.S. crude oil sank 13.3% to $96, while brent crude, the international standard, dropped below $95 on Wednesday.
The oil prices fell while Asian benchmarks rose in Wednesday trading after the U.S. and Iran agreed to a two-week ceasefire that includes reopening the Strait of Hormuz.
Shares jumped in early trading in Japan, Australia, South Korea and China in reaction to the ceasefire.
A recent spike in prices was a response to the war effectively blocking passage of much of the world’s oil supply through the strait.
Source: AP news
