Iran Threatens New Targets; US Works to Tame Oil Prices

Source: Bloomberg Politics · Bias: Center

Summary

Earlier on Thursday, Mojtaba Khamenei said the Islamic Republic would seek to ensure the Strait of Hormuz remains effectively closed. In his first public comments since succeeding his father, he added that Tehran will look to open other fronts in the war if the US and Israel persist with their attacks.  Oil prices rose more than 10% on Thursday with Brent crude once again briefly topping $100 a barrel as traders generally viewed the Trump administration’s efforts to lower energy costs as mostly temporary. Aaron David Miller, Senior Fellow at Carnegie Endowment for International Peace joins to discuss. (Source: Bloomberg)

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Iran Threatens New Targets; US Works to Tame Oil Prices
Bloomberg Politics

Iran Threatens New Targets; US Works to Tame Oil Prices

Center

Earlier on Thursday, Mojtaba Khamenei said the Islamic Republic would seek to ensure the Strait of Hormuz remains effectively closed. In his first public comments since succeeding his father, he added that Tehran will look to open other fronts in the war if the US and Israel persist with their attacks.  Oil prices rose more than 10% on Thursday with Brent crude once again briefly topping $100 a barrel as traders generally viewed the Trump administration’s efforts to lower energy costs as mostly temporary. Aaron David Miller, Senior Fellow at Carnegie Endowment for International Peace joins to discuss. (Source: Bloomberg)