“For African economies, the consequences are immediate,” he said.
Iran on Monday warned the U.S. army against entering the Strait of Hormuz.
Other expenses were tied to aircraft and ship operations.
U.S. media reports said Mr Trump was dissatisfied with Iran’s latest peace proposal.
the UAE assured that the withdrawal would not affect the country’s commitment to energy market stability.
President Donald Trump is not satisfied with Iran’s latest peace proposal, which seeks to reopen the Strait of Hormuz and end the U.S. naval blockade of Iran’s ports
The call follows EU leaders’ meetings in Cyprus.
European Union foreign ministers are set to discuss the latest developments in the Middle East and ongoing support for war-torn Ukraine at a meeting on Tuesday.
Iranian officials reported that thousands have been killed in the country.
Reports say Iranian gunboats opened fire on a merchant vessel attempting to pass.
