Foreign affairs expert Waiel Awwad told ANI that Washington’s ultimate goal on Iran goes beyond nuclear talks to regime change and the “total destruction” of Iran, which he said would make Israel dominant in the region. He linked the posture partly to U.S. midterm politics and said Iran sees the conflict as an “existential war,” while doubting Washington’s commitment to diplomacy. With crude oil at USD 117 per barrel, the highest since April, he said India’s energy security and inflation face growing pressure, pointing to Rubio’s visit to Reliance’s Jamnagar refinery. The IRGC claimed full control of the Strait of Hormuz and said two supertankers carrying over 4.5 million barrels struck naval mines on an unauthorised southern route, while Iran vowed to keep US military vessels out of the Persian Gulf. Armed forces chief Ali Abdollahi also questioned Trump’s claims that Iran’s nuclear facilities had been destroyed.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: US objective is no more oil , nuclear issues , its total destruction of Iran : Foreign Affairs Expert Waiel Awwad
Read the original on srilankasource.com ↗
Keywords
geopoliticsIranoil pricesStrait of HormuzIndia
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Could Hormuz become America Suez ? – Middle East Monitor
The article asks whether the war with Iran and the Strait of Hormuz crisis could become America's Suez, comparing it to Britain's 1956 retreat, which exposed the limits of its power. Before the war, around one-fifth of global oil consumption passed through the strait, along with a major share of LNG shipments, so higher oil prices have raised gasoline, diesel, shipping and goods costs. High interest rates used to control inflation could increase borrowing costs, while the government must fund the war and pay interest on its existing debt. Reuters reported Brent remained above 100 USD a barrel in October 2026, adding pressure ahead of the midterm elections. The author argues that if the conflict continues without achieving its goals, its economic cost may eventually outweigh the expected benefits.
- Psychological terror , Trump : I will attack , Obama intervenes - Iran : New proposal is a lie , fiery hell in the Persian Gulf and Israel
Brent crude is trading at $117 per barrel as tensions in the Persian Gulf continue. President Trump said he may “finish the job” and an attack could come tomorrow, while also suggesting Iran might make a deal. Iran denied an Al Arabiya report that it offered to reopen the Strait of Hormuz in exchange for lifting the naval blockade, saying its only position is its 7-point plan already delivered to Washington. Iran warned that any new war would strike all infrastructure, including civilian, in the Emirates and Israel. Former President Obama said Iran had no nuclear weapons and that Trump started an unnecessary war, pointing to attacks on allies and bases and depleted missile stockpiles after 7 months.
- Trump says US could attack Iran 'as soon as tomorrow' or reach a major deal
US President Donald Trump said Washington is considering a strike on Iran that could come as early as tomorrow, while leaving open the possibility of a deal with Tehran. He said his goal is to prevent Iran from developing nuclear weapons in the long term, and argued that an earlier US campaign using B-2 bombers was not enough to ensure lasting results. Trump also said oil flows through the Strait of Hormuz had risen compared with before the conflict, without providing specific figures. Earlier, US envoy Tom Barrack said a strike could happen this weekend. The conflict between the US, Israel and Iran began in February and has spread across the Middle East, yet nearly nine months later the sides have not found a way to end the tensions.
- US objective is no more oil, nuclear issues, its total destruction of Iran: Foreign Affairs Expert Waiel Awwad
Expert Waiel Awwad told ANI that Washington's real aim on Iran goes beyond oil and nuclear issues, namely regime change and the “total destruction” of Iran to make Israel the region's dominant force. He linked this to US midterm election politics and said Iran sees the conflict as an “existential war,” while the US response to Tehran's diplomatic proposals remained non-committal. With crude at USD 117 per barrel, he pointed to pressure on India's energy security and inflation. The IRGC claimed control of the Strait of Hormuz after two supertankers carrying over 4.5 million barrels reportedly hit mines, and Iran said US naval vessels would not be allowed into the Persian Gulf.
- US objective is no more oil, nuclear issues, its total destruction of Iran: Foreign Affairs Expert Waiel Awwad
Crude oil has surged to $117 per barrel as military tensions escalate across West Asia. Foreign affairs expert Waiel Awwad argues that Washington's objective goes beyond nuclear issues, aiming at regime change and Iran's disintegration, and is also driven by domestic political pressure linked to the US midterm elections. He describes Iran's stance as an 'existential war,' and the IRGC Navy alleged that two supertankers carrying over 4.5 million barrels combined struck naval mines in the Strait of Hormuz. Iran has vowed not to allow US military vessels into the Persian Gulf, while Awwad says Washington is not serious about diplomacy. High oil prices are pressuring India's energy security and inflation, and US Ambassador Sergio Gor said India's LPG imports from the US rose from below 10% to 67% over the past year.
- US objective is no more oil , nuclear issues , its total destruction of Iran : Foreign Affairs Expert Waiel Awwad
Foreign affairs expert Waiel Awwad argues that Washington's objective on Iran extends beyond nuclear talks to regime change and the disintegration of Iran, a shift he links partly to U.S. midterm politics. He describes Iran's posture as an “existential war” and says he doubts Washington is serious about diplomacy. With crude oil at $117 per barrel, the highest since April, he highlights pressure on India's energy security and inflation. The IRGC claimed that two supertankers carrying more than 4.5 million barrels of crude struck naval mines while using what Tehran called an unauthorised southern route through the Strait of Hormuz, and Iran warned it would not allow U.S. military vessels into the Persian Gulf. The article also notes that U.S. Secretary of State Marco Rubio visited Reliance's Jamnagar refinery in India.
Related markets
Latest news
- Seven Answers to One Question: Who Decides Whether Your Agent Can Pay?
The article argues that control over whether an AI agent can make payments has moved upstream into authorization artifacts such as contracts, directory registrations and tokens, which whoever owns them can meter, gate or revoke. Between October 13 and 16, 2026, JPMorgan Chase, Bank of America, Citi, Schwab and Wells Fargo moved to restrict agents, with four hard blocks and one contract rewrite; Schwab says it blocks agents “in the tens and twenties” each week. Wells Fargo's Online Access Agreement, effective November 24, 2026, deems agent-initiated instructions and transactions authorized by the customer in advance and disclaims any duty to monitor agent activity. By contrast, a Visa, BILL and Billtrust pilot launched on October 20, 2026 executes only payments already approved by the buyer, with registered agents authenticating through Visa's Trusted Agent Protocol and Agentic Directory.
- Draft Housing Law (amended): Tightening conditions for transferring social housing
The Government's draft amended Housing Law tightens rules on reselling social housing after 5 years to prevent policy exploitation. Under the draft, once the full purchase price is paid and 5 years have passed, owners may resell social housing only to people eligible for social housing support, whereas the current law allows market-based transfers with no restriction on buyers. For rent-to-own social housing, a tenant who no longer needs the unit may have to terminate the contract and return the home, rather than transfer it freely as under current rules. Sales, rent-to-own and lease transactions for social housing would also need to be recorded in the national housing and real estate market information and database system.
- Latvia targets tokenization rules in 2027 with commercial property in focus
Economics Minister Viktors Valainis says rules for tokenizing real-world assets could arrive in the first half of 2027, with commercial property a possible starting point and government bonds on the priority list. A legal assessment due October 1 is still ongoing, and the work is expected to stay on the agenda of the next government, as Valainis's party won no seats in this month's election and Latvia forms a new administration. He stresses that anti-money-laundering risks must be understood and managed before new rules are introduced, and says about 40 companies are seeking licenses under the EU's MiCA framework. He also reiterates personal support for a small national bitcoin reserve, though no approved proposal or purchase timetable has been identified.
- Here are 4 big things we're watching in the stock market this week
This week brings the busiest stretch of third-quarter earnings season, along with a Federal Reserve policy meeting and fresh inflation data, while the AI trade, the engine of the full-year bull market, continues to lose steam. The midterm elections are less than 10 days away, and Middle East headlines keep oil prices elevated. Among the 11 Club names reporting this week, Boeing has a consensus revenue estimate of $23.8 billion and a loss of 21 cents per share, with third-quarter free cash flow expected at $330 million after a $700 million payment to the Justice Department. Azure is the key metric for Microsoft, and investors will also start getting an exact quarterly revenue figure rather than just a growth rate; its cloud backlog stood at $678 billion at the end of June, up 84%. FedEx reports a four-month period from June to September as it shifts to a January-to-December fiscal year, while Eli Lilly must deliver another beat-and-raise quarter to sustain its stock momentum.
- Could Stabilising Bond Yields Support Equities Through Year-End? JPMorgan Sees Scope for Recovery
JPMorgan strategists, led by Mislav Matejka, say the rise in government bond yields this year may be nearing its limit, which could ease pressure on global equities through the final months of 2026. They note yields had become extended and bond markets showed signs of being oversold. During the peak of the yield increase, forward price-to-earnings ratios fell by about three points for the MSCI All-Country World Index and the S&P 500, and by about two points in Europe. The bank believes changes in US monetary policy expectations already explain most of this year's rise in 10-year Treasury yields, and it sees inflation expectations as relatively contained, even though recent US inflation readings beat expectations. It does not expect AI-related debt issuance to crowd out sovereign bond demand, but still flags France as a risk requiring monitoring, citing key differences from the 2010–2012 eurozone debt crisis.
- Can ‘Reddit Max’ Save RDDT From Slower Growth Guidance on Oct. 29?
Reddit reports third-quarter results on October 29, with shares down 37.25% year to date and down 7.61% over the past week to $144.25. Last quarter, EPS came in at $1.25 against a $0.9673 consensus, and revenue rose 61% to $805 million. Management guided Q3 revenue to $860 million–$870 million, or 47%–49% growth, while the revenue consensus sits above the top of that range. Reddit Max is seen as a key factor, with advertisers using Max up over 60% from Q1 and Max revenue up over 150%, though U.S. logged-in user growth was just 1% last quarter and search referrals have declined as AI Overviews from Alphabet threaten drive-by traffic.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.