Oil Prices Surge, Tensions Escalate in Middle East

0:00It's April 6th. This is Global News Today, powered by AI bringing you what matters globally. Oil prices spiked over $110 a barrel after President Trump's heated social media post threatening to hit Iran's bridges and power. Plants Brink crude jumped 1.6% initially, settling around $110.85, while U.S. crude climbed to $100. $11.80. This all stems from Iran blocking the strait of Hormuz, a key route for 20% of global oil. Meanwhile, tensions boiled over with strikes across the region. Israel hit targets in Lebanon, killing at least 15, and a U.S. Israeli strike in Iran took out five in a residential area near Tehan. Iran's top military command fire back, warning a far worse retaliation if civilian sites get targeted again. Plus, the U.S. pulled off a daring rescue of a downed fighter jet crew member, deep in Iranian mountains.

1:00Markets reacted quick. Japan's Nikkei rose 1.6%, South Korea's cost be up 0.9% as traders bet on supply fears. Consumers worldwide feel the pinch with higher fuel costs, looming, and experts like a former war crimes prosecutor called Trump's threats potential. Violations of international law by hitting civilian infrastructure. New details show Trump extended his deadline for Iran to reopen the strait to Tuesday at 8 p.m. eastern time after pushing a deal on Fox News. He announced a news conference Monday at 1 p.m. eastern with military brass, hyping U.S. air power after the rescue. As talks hang in the balance, a deal could ease prices fast, but if not, expect more fireworks that ripple through every gas pump and global market. Stay tuned for how this plays out.