Iran warns US of wider response as oil prices jump amid regional tensions

Iran has issued a strong warning, vowing a "crushing response" to any potential attacks amidst heightened tensions with the United States and Israel. This comes as reports indicate ongoing military preparations and threats of renewed strikes against Iran by the US and Israel. Iranian officials have cautioned that any new military action could lead to a more severe and extensive retaliation, potentially targeting regional bases and economic infrastructure in the Gulf.

Concurrently, global oil prices have surged to a five-month high, with Brent crude reaching over $110-$112 per barrel. This spike is directly linked to escalating Middle East tensions, concerns over supply disruptions, and attacks on shipping in critical waterways like the Strait of Hormuz. The ongoing geopolitical instability in the region is significantly impacting the global energy markets.