“Iran did it, it cannot cover its tracks”

“Iran did it, it cannot cover its tracks”

$OIL, $USO

The United Arab Emirates’ Top diplomat says evidence his country possesses indicates that recent attacks against Crude Oil tankers inside UAE waters were “state-sponsored.”

Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan did not name the state, but said his country wants to work with other nations to prevent a further escalation of tensions in the region.

Friday, the US military released video footage it said suggested that Iran wanted to hide evidence that it was behind the attacks. Iran has denied involvement.

Al Nahyan said after talks with Cypriot counterpart Nikos Christodoulides on Saturday that the UAE presented this evidence to the UN Security Council in a “very technical, open and transparent” manner.

He said the UAE’s conclusion is that these were “state-sponsored attacks.”

President Donald Trump has blamed Iran for attacks on oil tankers near the strategic Strait of Hormuz, but he also held out hope that implicit US threats to use force will yield talks with the Islamic Republic as the Pentagon considers beefing up defenses in the Persian Gulf area.

A day after explosions blew holes in two oil tankers just outside Iran’s territorial waters, rattling international Crude Oil markets, the administration seemed caught between pressure to punish Iran and reassure Washington’s Gulf Arab allies without drawing the US closer to war.

“Iran did it,” President Trump said Friday.

By pointing the finger at Iran, President Trump keeps a spotlight on an adversary he accuses of terrorism, but also has invited to negotiate.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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