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Oil Plunges 10% After Trump Warns Iran Will Be Hit 'Twenty Times Harder'

President Trump’s sharp warning about halting oil through the Strait of Hormuz sent oil tumbling and markets reeling today as investors weighed the risk of escalation and global supply shocks.

Number

10% - Intraday oil drop after President Trump warned Iran over Hormuz chokepoint

Quote

"I think the war is very complete, pretty much" — President Donald Trump

SPX 6,796 ↑ 0.83% Dow 47,741 ↑ 0.50% Nasdaq 22,696 ↑ 1.38% Gold 5,194 ↑ 1.76% BTC 70,963 ↑ 3.68%

24 Hours

Trump Threatens Massive Strikes if Iran Stops Hormuz Oil Flow

President Trump publicly threatens massive escalation if Iran blocks oil transit through the Strait of Hormuz. The warning ratchets up tensions over global energy flows and raises the risk of wider military confrontation.

Iran Names Mojtaba Khamenei as New Supreme Leader

Iran’s leadership crisis has a swift resolution as Mojtaba Khamenei is installed as supreme leader. Analysts warn his selection signals continuity and a hardline response to US and Israeli attacks.

Vance Attends Dignified Transfer for Soldier Killed in Iran

US military deaths mount as the Iran campaign continues. Senior officials and politicians attend dignified transfers amid growing domestic debate over the war's costs.

US Gas Prices Jump After Attacks on Iran

Energy markets swing wildly as war rhetoric and strikes disrupt Persian Gulf flows. Pump prices spike at home while oil futures see dramatic intraday reversals tied to presidential comments.

FAA Grounds All JetBlue Flights at Airline Request

A nationwide FAA groundstop stuns travelers after JetBlue reports a system outage. Flights are paused and airlines scramble to restore operations, prompting regulatory scrutiny and passenger disruption.

Anthropic Sues Pentagon Over Supply Chain Risk Label

Anthropic escalates its legal fight after the Pentagon labeled the AI firm a supply-chain risk. The lawsuit spotlights tech policy, national security determinations, and pushback from AI industry staff.

DOJ Charges Two Over IED Attempt Near Gracie Mansion

Federal prosecutors move quickly after IEDs were thrown at a protest near New York’s mayoral residence. Authorities treat the incident as terrorism and press multiple federal charges.

Photos Show Missile in Deadly Iranian School Strike Is US Made

New evidence and investigations intensify scrutiny over a deadly strike on a girls’ school in Iran. Analysts and media examine missile wreckage and video that may point to the munition’s origin.

NATO Defenses Shoot Down Ballistic Missile Over Turkey

Iran and the region exchange strikes as missiles and drones target Gulf states and nearby countries. NATO and regional forces have intercepted threats, heightening chances of further escalation.

US Officials Say Iran May Have Activated Sleeper Cells Abroad

US agencies warn that Tehran may have activated sleeper networks abroad. Intelligence alerts and law enforcement advisories aim to preempt possible plots linked to the Iran campaign.

Report Says Trump Would Back Killing Iran’s New Leader

Reports claim the White House is weighing lethal options against Iran’s new leader while US officials express displeasure about Tehran’s succession. The rhetoric raises international alarm.

Stagflation Risks Grow as Oil Prices Surge

Markets and policymakers weigh the widening geoeconomic fallout from the Iran campaign. Bond market jitters, stagflation fears, and supply shocks force central bankers and investors to reassess risk.

Trump Presses Republicans to Pass SAVE America Voter ID Bill

President Trump presses Congress on a sweeping elections bill while threatening to withhold signatures until his demands are met. The move deepens GOP divisions and raises legislative stakes ahead of the midterms.

TSA Lines Surge as DHS Funding Fight Drags On

A DHS funding lapse and partisan standoff have left airports strained. TSA staffing shortages and screening delays disrupt spring break travel and fuel political blame games.

Yann LeCun’s AMI Labs Raises Over $1 Billion for World Models

AI industry momentum continues even as legal fights escalate. Major researchers and companies pursue ambitious funding and platforms while legal disputes between the Pentagon and AI firms heat up.

DOJ and Live Nation Reach Tentative Antitrust Settlement

The DOJ reaches a tentative deal with Live Nation, ending a high-profile antitrust fight. The settlement will reshape ticketing oversight while states and advocates weigh in.

FBI Subpoena Targets Arizona 2020 Audit Records

Federal probes into election records expand as the FBI subpoenas Arizona audit materials. The move intensifies scrutiny of 2020 and raises partisan alarms about federal oversight.

High Profile Alexander Brother Conviction in Sex Trafficking Case

A Manhattan federal jury convicts three real estate brothers in a sex trafficking conspiracy. The verdict caps a high-profile trial exposing alleged abuses by wealthy defendants.

New Mexico Investigators Search Epstein’s Former Ranch

New Mexico investigators execute searches at Jeffrey Epstein’s former properties as prosecutors pursue lingering leads. The probes renew scrutiny of the financier’s network and past allegations.

Australia Grants Asylum to Five Iranian Women Footballers

Several Iranian women footballers seek and receive asylum amid threats at home. Their cases underscore the domestic repression in Iran and the international fallout of the regional conflict.

US Sends Third Aircraft Carrier Strike Group to Middle East

Washington and allied navies position assets as the conflict spreads. Carrier strike groups, bomber deployments and allied naval forces signal intent to protect shipping and deter escalation.

FBI Searches Pennsylvania Storage Linked to NYC IED Probe

Federal investigators raid storage facilities and trace materials linked to the attempted NYC IED attack as the probe widens. Authorities seek evidence tying suspects to broader networks or training.

Qantas Hikes International Fares as Fuel Costs Surge

Airlines and energy firms adjust routes and prices as the Gulf supply squeeze deepens. Refiners consider shutdowns while major producers report earnings amid the shock to shipping lanes.

Justice Jackson Criticizes Supreme Court Emergency Process

A rare public clash between Supreme Court justices over emergency orders highlights tensions at the high court as it handles politically charged Trump-related cases.