Eurotopics.net

In response to the de facto blockade of the Strait of Hormuz, the International Energy Agency (IEA) plans to release strategic oil reserves amounting to 400 million barrels of crude oil. Never before have the agency's 32 member countries taken so much oil from their emergency reserves in a joint action aimed at stabilising the energy market. For the media, the problems are far from over.

There are unclear signals as to how long this should continue: on Monday US President Donald Trump said it would end "very soon", but shortly afterwards Israeli Prime Minister Benjamin Netanyahu issued a statement saying that they were "not done yet". The air strikes on Iran intensified on Tuesday, and Tehran also continued its attacks on Israel and the Gulf states. Europe's press casts about for realistic exit scenarios.

"Finally, to the great proud people of Iran, I say tonight that the hour of your freedom is at hand." US President Donald Trump made this promise to the people of Iran in his speech at the beginning of the Iran War. Following the killing of Supreme Leader Ali Khamenei, the regime has appointed his son Mojtaba Khamenei as his successor. Commentators see little to indicate that the mullahs' power base has been weakened.