No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, July 12, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Markets

US, Iran Threaten More Energy Strikes as Gas Prices Surge. What to Know

by TheAdviserMagazine
4 months ago
in Markets
Reading Time: 4 mins read
A A
US, Iran Threaten More Energy Strikes as Gas Prices Surge. What to Know
Share on FacebookShare on TwitterShare on LInkedIn


President Donald Trump threatened to destroy Iranian power plants if the pivotal Strait of Hormuz isn’t opened, prompting Iran to respond with their own threats of retaliation as the war’s energy crisis escalates.

The president took to social media to pressure the Middle Eastern nation over the global shipping route, which Iran has effectively closed since the U.S.-Israeli strikes on Feb. 28. It’s one of the world’s most important oil chokepoints and ferries roughly 20% of the world’s oil products annually.

“If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!” Trump wrote on Truth Social shortly before 8 p.m. on Saturday, March 21.

In response, Mohammad Baqer Qalibaf, speaker of Iran’s parliament, said if the United States does strike Iran’s power plants, Iran will destroy critical infrastructure and oil facilities in the region in an “irreversible manner.” In his March 22 post on X, Qalibaf also threatened that oil costs will “remain high for a long time.”

Iran Threatens Tit-for-Tat Strikes Amid Energy Crisis

As the U.S.-Israeli war with Iran enters its fourth week, the economic and oil-related repercussions continue to rattle global and domestic markets. The average U.S. gas price on Sunday, March 22 hit $3.94 per gallon, compared to $2.98 a gallon two days before the war began.

While consumers wrestle with a nearly dollar-high jump over the last three weeks, the United States, Israel and Iran entered a new phase in the ongoing war, in which oil and gas have become key targets for both sides.

Israel’s March 19 attack on Iran’s largest gas field, South Pars, led to retaliatory strikes by Iran on U.S.-allied Gulf nations. Hours after the South Pars attack, Iran struck oil refineries in Kuwait and damaged Qatar’s massive liquefied natural gas production site, Ras Laffan.

More Than 2,000 Killed in Ongoing War

While the warring nations lob threats over new rounds of energy and oil targets, Lebanon continues to suffer the second-highest death toll from the war, after Iran. In all, more than 2,000 people across multiple countries have died in the conflict.

Thirteen U.S. service members have been killed, and the Pentagon said last week the number of American troops injured in the Iran war has climbed to 200.

Israel’s strikes on Lebanon have killed more than 1,000 people, including nearly 120 children, 80 women and 40 medical personnel, according to Lebanon’s health ministry. The United Nations reported on March 21 that 2,584 people have been injured in Lebanon since March 2, when Iran-linked militant group Hezbollah launched strikes on Israel in response to the killing of Iran’s Supreme Leader Ayatollah Ali Khamenei.

In Iran, casualty numbers vary.

The U.S.-based rights group HRANA said on March 21 that 3,230 people have been killed, including 1,406 civilians, and at least 210 children.

Reuters reported the latest figures from Iranian state media put the toll at 1,270 people, while Iran’s ambassador to the UN said on March 6 that at least 1,332 people had been killed since the war began.

Elsewhere in the region, Reuters reported authorities have confirmed 60 people were killed in Iraq, 15 civilians and two soldiers were killed in Israel, 8 people are dead in United Arab Emirates and 6 in Kuwait. Two have been killed in Saudi Arabia, Oman and Bahrain, Reuters reported, and four people have been killed in Syria.

Democrats Hammer Administration Over Costs

Treasury Secretary Scott Bessent said on NBC News’ “Meet the Press” on March 22 that the United States has “plenty of money to fund this war,” as Congress braces for an expected $200 billion request from the Pentagon.

Bessent called the ask “supplemental” and ruled out pushing for any tax increases to fund the war. When asked about whether it’s coming to an end soon, Bessent answered by telling host Kristen Welker that “sometimes you have to escalate to deescalate.”

Sen. Chris Murphy responded to Bessent’s comments on the same program, suggesting Democrats may attempt to use the Pentagon’s expected request for billions more in war funding to pressure the administration to end the conflict.

“We need to end this war,” Murphy said. “The only way you’re going to get prices down here in the United States, the only way you’re going to bring peace to the region, is by ending this war.”

The funding ask faces stiff opposition in Congress, with Democrats and some Republicans questioning the need after large defense appropriations last year. Many Democrats have also expressed strong opposition to the joint U.S.-Israeli war since it began, throwing more hurdles in the path of the Pentagon’s request.

Contributing: Reuters.

Kathryn Palmer is a politics reporter for USA TODAY. You can reach her at [email protected] and on X @KathrynPlmr. Sign up for her daily politics newsletter here.

This article originally appeared on USA TODAY: US, Iran threaten more energy strikes as gas prices surge. What to know

Reporting by Kathryn Palmer, USA TODAY / USA TODAY

USA TODAY Network via Reuters Connect



Source link

Tags: energygasIranPricesstrikessurgethreaten
ShareTweetShare
Previous Post

How Veterans Can Claim Their Free Lifetime National Park Pass and Skip the $80 Annual Fee Forever

Next Post

Research says growing up lower-middle class in the 1960s and 70s created some of the most resourceful problem-solvers alive today — people who learned to fix, repurpose, and make do before making do was rebranded as sustainable living and started appearing in lifestyle magazines

Related Posts

edit post
Your Water Bill Could Skyrocket Due to Climate Change, Study Says

Your Water Bill Could Skyrocket Due to Climate Change, Study Says

by TheAdviserMagazine
July 12, 2026
0

Get ready to pay more for your water. A lot more. In some parts of the U.S., mainly in the...

edit post
Is It Safe to Dine Out? Restaurants Respond to Explosive Diarrhea Bug

Is It Safe to Dine Out? Restaurants Respond to Explosive Diarrhea Bug

by TheAdviserMagazine
July 11, 2026
0

A cyclospora outbreak has sickened hundreds, possibly thousands, of Americans with a long-lasting parasitic infection, and dining out presents a...

edit post
Mag 7 and software could boost portfolio in second half: ETF Action

Mag 7 and software could boost portfolio in second half: ETF Action

by TheAdviserMagazine
July 11, 2026
0

Overlooked market areas may have a banner second half of the year.ETF Action co-founder Mike Akins is encouraging investors to...

edit post
Your Next Forever Stamp Purchase Will Soon Cost More. See the New Price

Your Next Forever Stamp Purchase Will Soon Cost More. See the New Price

by TheAdviserMagazine
July 11, 2026
0

If your supply of Forever stamps is running low, you might want to restock now because the stamps will cost...

edit post
It’s Not Just Produce. Where Else Can ‘Explosive Diarrhea’ Bug Hide?

It’s Not Just Produce. Where Else Can ‘Explosive Diarrhea’ Bug Hide?

by TheAdviserMagazine
July 11, 2026
0

As cases of an illness stemming from a parasite that causes symptoms like explosive diarrhea continue to rise across the...

edit post
A Record Number of Young Adults Live with Parents. Why?

A Record Number of Young Adults Live with Parents. Why?

by TheAdviserMagazine
July 11, 2026
0

A record number of adults under age 35 choose to live with their parents, Census data shows, rather than contemplate...

Next Post
edit post
Research says growing up lower-middle class in the 1960s and 70s created some of the most resourceful problem-solvers alive today — people who learned to fix, repurpose, and make do before making do was rebranded as sustainable living and started appearing in lifestyle magazines

Research says growing up lower-middle class in the 1960s and 70s created some of the most resourceful problem-solvers alive today — people who learned to fix, repurpose, and make do before making do was rebranded as sustainable living and started appearing in lifestyle magazines

edit post
The “Trough of Disillusionment” Will Create the Best Buying Opportunity for Artificial Intelligence (AI) Stocks in 2026

The "Trough of Disillusionment" Will Create the Best Buying Opportunity for Artificial Intelligence (AI) Stocks in 2026

  • Trending
  • Comments
  • Latest
edit post
Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

June 22, 2026
edit post
New York Seniors: 6 STAR Tax Relief Rules That Could Put a Bigger Check in Your Mailbox

New York Seniors: 6 STAR Tax Relief Rules That Could Put a Bigger Check in Your Mailbox

June 20, 2026
edit post
5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

June 18, 2026
edit post
Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

July 8, 2026
edit post
Retail giant exits U.S. fashion after multi-million-dollar scandal

Retail giant exits U.S. fashion after multi-million-dollar scandal

July 1, 2026
edit post
Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple ,000 A Year

Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple $10,000 A Year

June 27, 2026
edit post
USD/JPY Technical Analysis | Investing.com

USD/JPY Technical Analysis | Investing.com

0
edit post
Your Water Bill Could Skyrocket Due to Climate Change, Study Says

Your Water Bill Could Skyrocket Due to Climate Change, Study Says

0
edit post
Brené Brown warns American workers are not wired for this level of rapid change and instability

Brené Brown warns American workers are not wired for this level of rapid change and instability

0
edit post
U.S. tariff authorities after IEEPA: What’s left in 2026

U.S. tariff authorities after IEEPA: What’s left in 2026

0
edit post
AAUP sues over Texas Tech classroom instruction limits

AAUP sues over Texas Tech classroom instruction limits

0
edit post
Is Everybody Ready to Pay  More for a Delivery?

Is Everybody Ready to Pay $3 More for a Delivery?

0
edit post
Brené Brown warns American workers are not wired for this level of rapid change and instability

Brené Brown warns American workers are not wired for this level of rapid change and instability

July 12, 2026
edit post
Links 7/12/2026 | naked capitalism

Links 7/12/2026 | naked capitalism

July 12, 2026
edit post
Bitcoin Miners’ AI Rally Puts Insider Liquidity in the Spotlight – Bitcoin News

Bitcoin Miners’ AI Rally Puts Insider Liquidity in the Spotlight – Bitcoin News

July 12, 2026
edit post
Your Water Bill Could Skyrocket Due to Climate Change, Study Says

Your Water Bill Could Skyrocket Due to Climate Change, Study Says

July 12, 2026
edit post
Mortgage and refinance interest rates today, Sunday, July 12, 2026: Mostly down from last week

Mortgage and refinance interest rates today, Sunday, July 12, 2026: Mostly down from last week

July 12, 2026
edit post
In homes common across the 1960s and 1970s, children learned to read a parent’s mood from the sound of the front door before anyone had spoken a word — researchers call the adult result hypervigilance, and it shows up in 5 recognisable patterns

In homes common across the 1960s and 1970s, children learned to read a parent’s mood from the sound of the front door before anyone had spoken a word — researchers call the adult result hypervigilance, and it shows up in 5 recognisable patterns

July 12, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Brené Brown warns American workers are not wired for this level of rapid change and instability
  • Links 7/12/2026 | naked capitalism
  • Bitcoin Miners’ AI Rally Puts Insider Liquidity in the Spotlight – Bitcoin News
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.