Analyst Markets

Iran reveals its new cards — Is it time to pick a side?

In the past few days, after the International Energy Agency (IEA) released oil from strategic reserves to limit supply disruptions, Iran has now used a new card that directly pushes tensions to a new level.

Specifically, Iran has declared that countries withdrawing their embassies from Israel will be allowed to move safely through the Strait of Hormuz without facing any attacks.

This acts as both a call and a pressure for countries to choose whether to align themselves with Iran and the socialist East or continue standing with Israel and the capitalist West.

This move is extremely dangerous because it could potentially escalate the conflict into World War III if it spirals out of control.

And currently, Spain has decided to withdraw its embassy from Israel as a sign that it will stand with Iran, and oil prices last night surged again above the $92 per barrel level.

The situation shows that Iran has no intention of de-escalating, but instead will continue with retaliatory actions and openly confront Israel and the United States — suggesting that the conflict may persist for a long time and could potentially escalate into a third world war.

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