The situation between Washington and Tehran remains very tense. Both sides maintain strong and opposing positions between them that endanger global stability. According to recent reports, US President Donald Trump has stated that there is “no timeline” for ending the war.

Meanwhile, the White House has announced an indefinite extension of the current ceasefire, but without setting a new expiration date. As the BBC reports, Trump is “satisfied” with the naval blockade and continues to insist that the US has the situation under control.

On the other hand, Iran has blocked movement in the strategic Strait of Hormuz, a vital artery for global oil trade. Iran’s chief negotiator, Mohammad Bagher Ghalibaf, considers its reopening to be “impossible”, due to what he calls flagrant ceasefire violations by the US and Israel.

The BBC points out that with Iran adamant it will not reopen the strait, the two sides appear to have reached an impasse. Although there is talk of negotiations that could start this Friday in Pakistan, mistrust remains high as the key points of the conflict are not finding a common language.

Wall Street: Record profits at the expense of peace

While the Middle East boils, the stock markets in New York are paradoxically recording record numbers. This phenomenon, which seems illogical to the ordinary citizen who faces the increase in oil prices, is explained by the high profits that large corporations are making.

According to the Associated Press (AP), investors are looking beyond the military conflict to focus on accounting balances. For Wall Street, it all ultimately boils down to one fundamental question: How much money are companies making?

So far, earnings at S&P 500 companies are up about 14 percent over the past year, despite the state of war. According to the AP, traders on Wall Street are again betting on the possibility that the Federal Reserve will resume interest rate cuts later this year.

This shows that the market’s interest is closely related to what is called the “resilient economy”, where economic warfare through blockades is seen as a tool that can bring concessions faster than traditional diplomacy.

But critics point out that this increase reflects a cynical reality. Donald Trump, being a billionaire and businessman himself, is often accused of putting the wealth of his family and inner circle first.

The naval blockade, which costs Iran about $500 million a day, is indirectly protecting American economic interests by keeping the stock value of energy and technology companies high.

AP points out that the US stock market rewarded investors who remained patient not only by recovering all losses, but also reaching new levels, closing on Wednesday at a record 7,137.90 points. As long as war produces profits, peace seems to remain on the back burner. /tesheshi.com/

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Source: prizrenpost