Trump lifts sanctions on Russian oil as prices rise, and Iran defies the US navy.

The Left Daily 16 March 2026

After a brief dip in oil prices, triggered by Trump's speech announcing that the war was nearing its end, prices surged again on Wednesday as tensions escalated in the Strait of Hormuz, Iran attacked military installations in Israel, and the Jewish colonial state launched a furious assault on populated areas in downtown Beirut and its suburbs. A report has surfaced detailing the millions of dollars the United States spent in the first week of its attacks on Iran.

The war that began with the US and Israeli attacks in the early hours of Saturday, February 28, has spread across the Middle East and involved Europe. Following the assassination of Iranian Supreme Leader Ali Khamenei, Hezbollah announced its entry into the war by attacking positions in northern Israel, which was met by the Zionist state with multiple attacks and a ground occupation of southern Lebanon .

Iran escalated its attacks on Israel in Jerusalem and other cities in response to renewed bombing of Tehran. It also attacked US military bases in Kuwait, the United Arab Emirates, Qatar, and other Gulf countries, and announced the closure of the Strait of Hormuz.

– Oil and gas prices soared internationally as the Strait of Hormuz lost more than 90% of its traffic and refineries and LNG plants closed in Saudi Arabia and Qatar. This imperialist war unleashed by Benjamin Netanyahu and Donald Trump has escalated tensions throughout the Middle East. It is crucial to oppose the continued imperialist aggression by demanding an end to the bombing and the withdrawal of US troops from the region, and to stand for the defeat of the United States and Israel .
https://www.laizquierdadiario.com/Agresion-imperialista-Estados-Unidos-e-Israel-atacan-Iran?

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