US-Iran Tensions Escalate, Oil Prices Surge

0:00On April 7th, tensions are boiling in the Middle East as the U.S. demands Iran reopen the Shreya for Mous, a key route for one-fifth of the world's oil. Tehran flat out rejected a 45-day ceasefire proposal, insisting on a permanent end to the fighting with ironclag guarantees against future. Attacks. This comes a day before President Trump's deadline. Trump ramped up the pressure from the White House, warning that without a deal, every bridge in Iran faces destruction by midnight, eastern time on, Wednesday, and all power plants will be burning ruins. He even said the whole country could be taken out in one night. Strikes keep pounding, Israel and the U.S. hit Tehran's airports, a massive petrochemical complex, and regime sites, killing over 25 people, including Iran's revolutionary guards intelligence chief. Iran fired missiles back at Israel and Gulf neighbors like Saudi Arabia, which intercepted seven near-energy sites. Casualties mount a mid-daily attack since late February.

1:01Oil prices surged past $115 a barrel for West Texas Intermediate, with the IMF warning of higher inflation and slower global growth. The Red Cross slammed threats to civilian infrastructure as against the rules of war. Meanwhile, the U.N. Security Council preps a watered-down vote Tuesday to shield shipping, no force authorized after China's pushback. Countries like South Korea and Malaysia hustle for oil deals and safe passage for stranded ships, while Saudi Bahrain bridges shut over threats. As this deadline ticks down, the risk of wider chaos looms large for everyone from Tehan streets to global markets.