Iran-US War Escalates: Oil Prices Skyrocket, Attacks Intensify

0:00On March 9, U.S. Defense Secretary Pete Hegseth declared that Iran will surrender in the ongoing war with the United States and Israel, insisting. President Trump will dictate the terms of defeat. Iran quickly rejected any ceasefire talks, bowing not to lay down its weapons. Oil prices have spiked above $100 per barrel for the first time in four years, driven by fears over Middle East supplies. For night, Iran launched major attacks on Gulf States, hitting Bahrain's main oil refinery and injuring 32 people, including children, in the worst casualties there since the war began. A separate missile strike killed a 40-year-old man at a construction site in Central Israel with another seriously hurt. Global markets panicked at the open, with the FTSE-100 plunging amid the oil crisis. Britain's Prime Minister, Sir Keir Starmer, promised to shield families from rising bills and economic shocks, while G-7 leaders called an emergency. Meeting to consider releasing strategic oil reserves, President Trump brushed off the

1:03price surge as a small price to pay. Iran's new Supreme Leader, Moshtaba Kamenei, was reported wounded in the conflict shortly after taking over, and Russia's Vladimir Putin pledged, unwavering support. To Iran accused Europe of enabling the war and warned expatriates supporting the U.S. and Israel that their properties could be seized. As the Strait of Hormuz remains blocked and attacks continue, world leaders brace for wider fallout from this escalating showdown.