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newsMar 31, 20261:24

US Bombs Iran, Iran Retaliates: Oil Prices Soar

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Tensions escalate in the Middle East as the US drops bunker buster bombs on an Iranian ammo depot, prompting a drone strike on a Kuwaiti oil tanker. Oil prices surge, and Trump threatens further action if the Strait of Hormuz remains closed, while Iranian leaders engage in back-channel negotiations.

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US Bombs Iran, Iran Retaliates: Oil Prices Soar

UK News Today | 2 Min News | The Daily News Now!

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Full transcript

UK News Today | 2 Min News | The Daily News Now!US Bombs Iran, Iran Retaliates: Oil Prices Soar. Machine-transcribed; use the interactive transcript above to jump the player to any line.

On March 31st, the U.S. just dropped bunker-buster bombs on an AMOLED depot in Isfahan, Iran, possibly holding enriched uranium, lighting up the night sky, with massive explosions. President Trump shared the strike video on Truth Social, and officials confirmed it showed 2,000-pound bombs hitting the target near Mount, softening. Meanwhile, Iran hit back with a drone strike on the Kuwaiti oil tanker Al-Salmi, loaded with two million barrels while it was anchored in Dubai. A fire broke out, but firefighters put it down quick. No crew hurt out of the 24 on board, though they're checking for spills. Oil prices jumped over 2% to around $115 a barrel on the news, spiking fears over the strait of Hormuz were a fifth of global oil flows. Gulf allies like Saudi Arabia and the UAE are pushing Trump to keep the pressure on, saying Iran ain't weak in the enough yet. Trump's talking deals with Iranian leaders through back channels but threatening to wipe out their power plants, oil sites, and even desalination. Facilities if the strait don't reopen

soon. He sent troop numbers up to 50,000 in the region, with plans floating for raids on key spots like Carg Island. As this war hits its second month, both sides dig in harder, trading blows while the world watches oil prices in that vital strait, wondering if. Escalation or breakthrough comes next.

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