Emirates Iran War

Iran has intensified its attacks on oil and gas facilities around the Gulf, dramatically raising the stakes in a war that is sending shock waves through the global economy. Thursday’s strikes came in retaliation for an Israeli attack on a key Iranian natural gas field. They sent fuel prices soaring and risked drawing Iran’s Arab neighbors directly into the conflict. Tehran targeted energy production, further stressing global supplies already under pressure because of Iran’s stranglehold on the Strait of Hormuz. That’s a strategic waterway through which a fifth of the world’s oil is transported. Israeli Prime Minister Benjamin Netanyahu says Iran no longer can enrich uranium or make ballistic missiles.

Iran intensified its attacks on Gulf oil and gas infrastructure Thursday in retaliation for an Israeli attack on a key Iranian gas field, dramatically raising the stakes in a war that's sending shock waves through the global economy. Fuel prices soared around the world. President Donald Trump warned that if Iran continues striking its neighbors’ energy infrastructure, the U.S. would retaliate and “massively blow up the entirety” of its gas field. A senior administration official told the AP that the Pentagon asked the White House for another $200 billion as the war shows no signs of ending soon.