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U.S. Treasury Secretary Scott Bessent said Iranian airlines will be "shut down" worldwide by Wednesday as the Trump administration escalates economic pressure on Tehran. Bessent Threatens Dollar System Ban During an appearance on CNBC’s “Squawk Box” on Monday, Bessent said that Iranian airlines will be shut down. “If t
President Donald Trump has warned Iran of severe economic consequences or the destruction of its leadership unless Tehran agrees to a deal, while Iranian officials have threatened retaliation. US Stock Futures Rise, Oil Prices Fall as Asian Markets Gain Dow futures rose 120 points, or 0.23%, to 52,199.00, while S&P 500
Brent crude rose above $96 a barrel after fresh U.S. strikes on Iranian targets and Iranian retaliation across the Middle East raised Strait of Hormuz fears.
The Trump administration is preparing unprecedented financial sanctions on Iran, and Iranian military officials say the country will respond across land, sea, air, air defense and cyberspace.
Threatens Ten-Fold Retaliation If Iran Attacks Shipping Iran Threatens To Block Strait Of Hormuz In Response To US Strikes
() -- (Updates with latest market prices and developments.) US stocks were lower intraday after President Donald Trump threatened additional attacks on Iran, sending oil prices sharply higher. The Dow Jones Industrial Average was down 1.2% at 52,311.4 after midday Wednesday, while the S&P 500 shed 0.4% to 7,473.7. The
() -- Crude oil prices rose more than 5% Wednesday as President Donald Trump threatened additional strikes against Iran tonight, saying the ceasefire with Tehran was over. West Texas Intermediate climbed 5.3% to $74.19 a barrel, while Brent gained 5.8% to $78.43. The US struck Iran on Tuesday after Tehran attacked thre
Iran vows to retaliate if US violates ceasefire, escalating Middle East tensions. Oil prices may be affected.