State of the Union Address
Trump: “War is an investment in the future”
In his address to the nation, U.S. President Donald Trump announced his intention to intensify the war against Iran in the coming weeks. He stated during prime time that the goal was to “send the Islamic Republic back to the Stone Age, where it belongs.” He held out the prospect of an end to the war “in two to three weeks.”
In his address at the White House on Wednesday evening (local time), Trump told war-weary Americans that the conflict was nearing its conclusion. “We have done everything. Their navy is destroyed. Their air force is destroyed. Their missiles are virtually depleted or destroyed,” said the head of state. This, he said, would deprive Iran of the ability to build a nuclear bomb.
New leadership is “less radical”
“We will finish the job, and we will do it very quickly. We are already very close,” Trump said in the roughly 20-minute address. He repeated his claim that a regime change had already been achieved because “all of their original leaders are dead.” The new Iranian leadership is “less radical and much more reasonable.” However, should no agreement be reached, “we have important targets in our sights,” he warned his adversary.
The military operation will continue. “We will hit them extremely hard over the next two to three weeks,” Trump announced. The weeks of bombing that have already taken place are “victories the likes of which few people have ever seen before.” And he asked for patience, calling the war an “investment” in the future of Americans.
US doesn’t need the Strait of Hormuz
Regarding the Strait of Hormuz, he claimed that the U.S. does not need the strait at all. “The countries of the world that obtain oil through the Strait of Hormuz must protect this passage,” Trump said, calling on allied nations to fulfill their obligations. Twenty percent of the world’s oil is transported via this shipping route. Its blockade by Iran triggered a global energy crisis that drove oil and gas prices sharply higher—including in the U.S.
Oil price rose shortly after speech
His speech failed to calm the energy markets. Oil prices continued to rise in the minutes following his address. The price of Brent crude, the global oil price benchmark, rose by more than four percent to over $105 per barrel. The U.S. oil price index WTI rose by more than three percent to over $103 per barrel after the speech.
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