Investor and co-founder of Echelon Wealth Partners, Peter Schiff, warned on Tuesday that President Donald Trump‘s blockade on the Strait of Hormuz could be perceived as an act of war by affected countries.
Act Of War
Schiff expressed concerns about the U.S.-led blockade of the Strait of Hormuz via a post on X, saying that Trump’s move to use the U.S. Navy could “easily be considered an act of war by other nations impacted by the action,” he said.
“What right does the U.S. have to use military force to prevent China from buying oil?” Schiff asked, raising questions about the move. He also added that China’s motives for retaliating against the U.S. would be clear if Beijing decided to act against the U.S.
24 Hours Of Trump’s Blockade
A Reuters report on Tuesday showcased that over 8 ships had successfully crossed the Strait on the first day of the blockade, including three Iran-linked tankers, the report said. However, the Iran-linked tankers weren’t heading to Iranian ports, so they …
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