Iran threatens painful response if US resumes attacks, oil prices seesaw
Summary
Iran warns of long and painful strikes on US positions if attacks resume, while the Strait of Hormuz remains closed, disrupting 20% of global oil supply and causing oil prices to fluctuate significantly.
Key Points
- Iran threatens long and painful strikes on US positions if attacks are renewed.
- The Strait of Hormuz remains closed, choking off 20% of the world's oil and gas supplies.
- US plans for fresh military strikes on Iran are underway, aiming to influence nuclear negotiations.
- Oil prices surged to over $126 per barrel but later eased to $113 amid conflict tensions.
