‘DON’T YOU DARE stop oil…’: Trump threatens Iran with ‘20 times harder’ strike over Hormuz oil route

US President Donald Trump said on Monday that the war against Iran could be short-lived, but he left open the possibility of an escalation in fighting if global oil supplies are disrupted by the Islamic Republic, which chose a new hard-line supreme leader. Oil prices briefly shot to their highest level since 2022, a day after Iran selected Ayatollah Mojtaba Khamenei to succeed his late father as Iran's supreme leader. Investors saw it as a signal that Iran was digging in 10 days into the war launched by the United States and Israel.