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Iran Threatens New Targets; US Works to Tame Oil Prices
Posted
March 12, 2026
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6:20Now PlayingEarlier on Thursday, Mojtaba Khamenei said the Islamic Republic would seek to ensure the Strait of Hormuz remains effectively closed. In his first public comments since succeeding his father, he added that Tehran will look to open other fronts in the war if the US and Israel persist with their attacks.
Oil prices rose more than 10% on Thursday with Brent crude once again briefly topping $100 a barrel as traders generally viewed the Trump administration’s efforts to lower energy costs as mostly temporary.
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