More trouble for Mamata, sedition complaint filed over "controversial comment" against India
As the conflict with Iran enters its 21st day, the Strait of Hormuz remains effectively closed, sending shockwaves through the global economy. U.S. President Donald Trump took to his Truth Social platform to vent his frustration, labeling American allies as "cowards" for failing to provide military assistance in securing the critical shipping route. "NATO is paper tiger without US", says Trump.
Trump criticized NATO members and other partners for complaining about surging oil prices while refusing to help neutralize Iranian threats, reminding them of the extensive support the U.S. has historically provided to the alliance.
The impact of the maritime blockade is being felt acutely at gas pumps and in supply chains worldwide. Brent crude oil has soared to approximately $108 per barrel, a massive jump from the $70 mark seen before the outbreak of hostilities. The crisis extends beyond fuel; essential raw materials like helium for computer chips and sulphur for fertilizers are facing severe shortages. Asia is currently bearing the brunt of this disruption, as the majority of oil and gas exiting the Gulf is traditionally destined for Eastern markets.
In a significant but measured diplomatic move, leading European nations—including Britain, France, Germany, Italy, and the Netherlands—along with Japan, issued a joint statement. While they stopped short of the full military commitment demanded by Trump, they agreed to join "appropriate efforts" to ensure safe passage and stabilize energy markets. The coalition, led by UK Prime Minister Keir Starmer’s office, condemned Iran’s use of mines, drones, and missile attacks, which have already damaged 23 commercial vessels, including 10 tankers.