Novara Live Oil Price SOARS After Israel Strike World’s Largest Gas
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Mar 18, 2026 
Trita Parsi, foreign policy expert and Quincy Institute EVP, outlines Iran strategy and regional fallout. He discusses Israel’s targeted strikes and their aim to degrade Iran’s capacity. He explains how the South Pars attack could draw Gulf states in and why planners misjudged Iran’s resilience. He also covers risks to energy routes like the Strait of Hormuz and potential for prolonged escalation.
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Trump Suggests Outsourcing Strait Security To Allies
- Michael Walker cites Donald Trump's Truth Social posts advocating finishing off Iran and shifting responsibility for the Strait of Hormuz to others.
- The White House frames US energy independence as reason to press allies to secure regional routes.
US Abandonment Breaks The Transactional Gulf Bet
- Aaron Bastani criticizes Trump's approach as abandoning alliance guarantees and risking allies' security for ideological aims tied to Zionism.
- He says Gulf states misjudged US priorities by assuming money would secure protection.
Start A Gradual Push For European Strategic Autonomy
- Do pursue European technological and energy autonomy to reduce reliance on the US security umbrella.
- Aaron Bastani urges re-industrialisation, renewables, nuclear expansion, and reducing dependence on US-serviced Trident deterrent.