Trump pauses effort to escort ships in Strait of Hormuz, citing deal progress

[Dulcinea]

WASHINGTON/CAIRO, May 5 (Reuters) - U.S. President Donald Trump said on Tuesday he would briefly pause an operation to help escort ships through the Strait of Hormuz, citing "great progress" toward a comprehensive agreement with Iran.

Hours earlier, U.S. Secretary of State Marco Rubio had outlined the effort that began on Monday to escort stranded tankers out of the ‌Gulf. The strait has been virtually shut since the conflict began, blocking some 20% of world oil supplies and igniting a global energy crisis.

"We have mutually agreed that, while the Blockade will remain ‌in full force and effect, Project Freedom ... will be paused for a short period of time to see whether or not the Agreement can be finalized and signed," Trump wrote on social media.

https://www.yahoo.com/news/articles/middle-east-truce-doubt-us-073306268.html

[gab13by13]

1. Fucking Bullshit,

It was costing Magats over $100 to fill up their pickup trucks. This is an excuse to drop the price of crude.

Is the Iranian Revolutionary Guard in on the negotiations? Who is negotiating for the US? Bullshit.

War Is A Racket - Major General Smedley D. Butler. Read it.

[Cheezoholic]

2. Yup. Flagrant market manipulation in the open. Another 10-15% move in oil on a tweet n/t