Iran-US-Israel War HIGHLIGHTS: Pezeshkian Calls Trump's Threat Desperation; Oil Prices To Go Up As Tensions Escalate Further

Iran War HIGHLIGHTS: Iran's Revolutionary Guards on Sunday threatened to completely close the Strait of Hormuz amid a 48-hour ultimatum from US President Donald Trump. The IRGC said Iran will entirely block passage through the key sea route if US targets its power plants, as threatened by Trump. It also issued threats to companies with US shares and energy facilities of nations hosting US military bases. The warning by IRGC came day after Trump said the US will "obliterate" Iran's power plants if the strait remained closed after two days. Tehran in turn issued threats of "irreversible damage" to critical infrastructure in the Middle east in case of such an attack by the US and Israel.
The Strait of Hormuz, a narrow passageway between Iran and Oman which opens toward the Indian Ocean, is a key trade route. At least a fifth of the world's oil passes through the strait out of the Persian Gulf on a regular day. However, the major sea route has been blocked since Israel-US strikes on Iran led to a full-scale war, in which the entire Middle East has been embroiled. The movement of over 90 per cent of crude and refined products have been halted as Iran refuses to open the strait, according to the International Energy Agency.
The war broke out after Israel, backed by the US, attacked Iran on February 28, killing its Supreme Leader Ayatollah Ali Khamenei. In retaliation, Iran attacked Israel and US military bases across the Gulf nations, including Saudi Arabia, UAE, Kuwait, Jordan, Qatar and Oman. As many as 1,500 have died in Iran, over 1,000 lost their lives in Lebanon while Israel has reported 15 deaths and US lost 13 military personnel. Millions of people in Lebanon and Iran have been displaced.
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