April 30, 2026 10:39 PM
Iran threatens painful response if US resumes attacks, oil prices seesaw
Iran said on Thursday it would respond with "long and painful strikes" on U.S. positions if Washington renewed attacks, and also reasserted its control over the Strait of Hormuz, complicating U.S. plans for a coalition to reopen the waterway. Two months into the U.S.-Israeli war with Iran, the vital sea channel remains closed, choking off 20% of the world's oil and gas supplies. That has sent global energy prices surging and heightened concerns about the risks of an economic downturn. Efforts ...


