Last Updated on March 10, 2026 9:12 pm by INDIAN AWAAZ
AMN/ WEB DESK
US President Donald Trump has threatened to escalate military action against Iran, if Tehran attempts to block oil shipments through the Strait of Hormuz, while at the same time predicting the conflict could end sooner than expected. Speaking at a news conference, Mr Trump said American forces had already inflicted serious damage on Iran’s air force and navy, and suggested the war could conclude well within the initial four-week timeframe he had outlined.
Iran’s Revolutionary Guards responded swiftly, warning they would not allow, in their words, ‘one litre of oil’ to leave the region, if US and Israeli strikes continue. A Guards spokesperson declared that it is Iran, not Washington, that will determine when the war ends.
Tense exchanges between the U.S. president and the Iranian regime fuelled market volatility, driving wild swings in global energy prices. Brent crude futures spiked nearly 29 percent during the session, brushing 120 dollars a barrel, before pulling back but still logging their strongest close since 2022.
In short prices have eased from the peak but have not fully reversed; they are still elevated by historical standards and compared with levels just a few weeks ago. Trump says he spoke directly with Russian President Vladimir Putin, announcing Washington will waive some oil-related sanctions on select countries to ease the supply crunch. Other measures under discussion include additional releases from U.S. strategic reserves and possible curbs on American crude exports.