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US to Deploy Additional Troops in the Middle East Following Latest Oil Tanker Attacks

Acting US Defense Secretary Patrick Shanahan announced the US government’s plans to deploy over 1,000 additional troops to the Middle East over escalating tensions with Iran. Tensions between the two nations flared up again after the recent attack on two oil tankers, which the US has blamed Iran for.

In 2018, US President Donald Trump withdrew unilaterally from a nuclear accord, following which the US reimposed sanctions on Iran. In May 2019, Trump announced the end of sanction waivers on Iranian crude oil, preventing Iran from exporting crude oil to other countries.

In addition, US has been tightening sanctions in an attempt to isolate Iran diplomatically and economically. Last week’s attacks were the second in a month’s time, and the US has alleged that Iran is behind both rounds of attacks.

Last month too, US had deployed an additional 1,500 troops to the Middle East in response to the first set of attacks on tanker ships. During the previous week, the US government had released a video claiming Iran’s Revolutionary Guard’s hand in the attack on the oil tankers in the Strait of Hormuz.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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