US allies 'furious' Trump left them 'holding the bag' on war they didn't want: analyst
President Donald Trump's latest posture to get out of the war he started in Iran without fixing global oil markets has allied nations infuriated, Washington Post foreign affairs correspondent David Ignatius told MS NOW's Katy Tur on Tuesday.
This comes as Trump considers dropping the reopening of the Strait of Hormuz as a condition for ceasing hostilities, which would essentially keep 20 percent of the world's global oil trade suspended.
"David, can I go back to the other threat that Donald Trump made, the one up top, which is that this is not his problem. The Strait is not my problem, it's the allies' problem. They don't — we don't even need oil from the Strait. We have it here. If you want your oil, go and get it. I broke it, you fix it," said Tur. "How are our allies reacting to that?"
"Well, they are furious," said Ignatius. "They feel that — that they didn't start this war off, and in many cases that they didn't support it. And now they're being left holding the bag.
"That said, the pain of the closure of the Strait of Hormuz is going to be felt by all of our allies, by China, by Japan, and simply in their own self-interest, they need to get moving to try to facilitate some solution," said Ignatius. "If they don't, the future is going to be increasingly bleak for them economically."
In other words, he said, "At some point, anger at Donald Trump for having helped create the situation needs to give way to something more pragmatic, and I would expect that will happen soon."
- YouTube www.youtube.com
You May Also Like
NATO Reexamination: Secretary Rubio’s Critical Alliance Review Shakes Global Security
Yuan Gains Ground Against Dollar
Federal Reserve expected to slash rates today, here's how it may impact crypto
Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
