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The Latest: US Hits Iran with Intense Strikes as Iranian Air Campaign Drives Oil Prices Higher
U.S. and Israeli military actions against Iran amid regional attacks have driven crude oil prices above $100 per barrel, reflecting market concerns over prolonged supply disruptions.
- On Friday, oil prices surged back above $100 a barrel as American and Israeli strikes on Iran and Iranian attacks on Persian Gulf shipping and energy infrastructure intensified the conflict.
- Hezbollah fired rocket salvos toward northern Israel while Israeli strikes reached new neighborhoods in Beirut, widening the conflict's geographic scope and driving massive displacement across the region.
- The Pentagon estimated the first week of war cost the United States $11.3 billion, while President Donald Trump posted on Truth Social that Iran's military has been "decimated" and leaders "wiped from the face of the earth."
- U.S. forces have suffered deaths during the fighting, and France confirmed Chief Warrant Officer Arnaud Frion of the 7th Battalion of Chasseurs Alpins was killed in an attack on Irbil, Iraq.
- Intense strikes on Tehran and sustained air-defence activity across the Persian Gulf, including nearly 50 drones intercepted over Saudi airspace, signal prolonged disruption to regional energy infrastructure and shipping lanes.
64 Articles
64 Articles
The barrel of crude oil climbed to over 102 US dollars. Donald Trump wants to sell this as a victory. At the same time, the US is using emergency measures.
The Latest: US hits Iran with intense strikes as Iranian air campaign drives oil prices higher
As American and Israeli strikes pound the Islamic Republic and Iran attacks Persian Gulf shipping and energy infrastructure with no sign of an end to the war, U.S. President Donald Trump posted a new threat to Iran's leaders on his Truth Social website.“They’ve been killing innocent people all over the world for 47 years, and now I, as the 47th President of the United States of America, am killing them,” Trump wrote. “What a great honor it is to…
The biggest oil intervention in history is puffed up: despite the release of 400 million barrels, prices continue to rise. Experts warn: The Strait of Hormus is irreplaceable. Holds the crisis, threatens oil prices of up to 150 dollars – and the fall into a global recession.
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