Zerohedge: Oil Surges as Iran and US Trade Threats of Escalating Attacks

Summary

Tensions in the Persian Gulf have reached a boiling point, with Iran-backed Houthi militants attacking two Saudi Arabian tankers in the Red Sea, causing oil prices like Brent to surge above $95. This escalation follows a threat from President Trump to strike Iranian infrastructure, like bridges or power plants, for every attack on shipping. In response, Iran's IRGC has vowed to retaliate by targeting energy facilities and cutting electricity to US allies in the Gulf. Iran also claims to have attacked US-linked targets in Bahrain, Saudi Arabia, and Jordan, while denying US accusations of nuclear activity at Pickaxe Mountain, calling them a fabricated pretext. The article highlights the article's detailed reporting on these escalating threats, the potential for wider supply disruptions, and the complex geopolitical dynamics at play, making it a valuable read for understanding the current situation. It also touches on the US military's reinforcement of its presence in the region and Iran's assertion of its continued missile and drone production. The reporting on US bases in Jordan also reveals a concerning shift towards targeting soldiers, not just infrastructure.