Trump Threatens Iran with Further Strikes as Oil Prices Fluctuate
US President Donald Trump has warned of a more forceful response if Iran disrupts global oil supplies, amid escalating tensions following recent military engagements between the two nations. The conflict, now in its tenth day, has already impacted several countries in the Middle East and caused significant volatility in oil markets.
Trump’s Stance and Shifting Signals
Speaking at a news conference in Florida, Trump stated, “I will not allow a terrorist regime to hold the world hostage and try to cut off the world’s oil supply. And if Iran does anything along these lines, it will be hit much, much harder.” BBC News
Despite initially suggesting the conflict was “almost completely over” in an interview with CBS News, Trump later indicated that the US and Israel “have not won enough” against Tehran, calling for a “final victory.” The Guardian
Trump also commented on Iran’s selection of Mojtaba Khamenei as the new supreme leader, signaling his disapproval. CNN
Oil Market Volatility
Oil prices experienced a dramatic surge on Monday, exceeding $100 per barrel for the first time since Russia’s invasion of Ukraine in 2022. This spike triggered sell-offs in Asian and European stock indices and put pressure on Wall Street. The Guardian
However, following Trump’s comments suggesting a potential swift end to the conflict, oil prices fell sharply, settling at $98.96 per barrel. The Guardian
Regional Impacts and New Leadership
The conflict has broadened its impact across the Middle East, with Iran retaliating against strikes and Israel conducting operations in Lebanon and Iran. BBC News
Gulf states have reported fresh aerial strikes, resulting in dozens of injuries in Bahrain. A seventh US service member has died in Saudi Arabia. CNN
Iran has named Mojtaba Khamenei, the son of the late supreme leader, as his successor, a choice previously deemed “unacceptable” by President Trump. CNN
Ongoing Investigations
The US is investigating a strike that reportedly hit an Iranian elementary school, with conflicting accounts regarding responsibility. Defense Secretary Pete Hegseth stated the US is “still investigating,” while Trump has pointed blame towards Iran. CNN
US President Donald Trump claims that without US intervention, Iran planned to “take over Middle East”. Al Jazeera