Industrial vessels within the Gulf, close to the Strait of Hormuz on March 22, 2026 in northern Ras al Khaimah, United Arab Emirates.
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Getty Pictures/Getty Pictures Europe
Israel launched extra strikes on Tehran Monday as Iran warned it might begin putting energy vegetation within the Gulf area. The risk got here after Trump gave Tehran 48 hours on Saturday to reopen the Strait of Hormuz, an ultimatum that despatched shares tumbling.
Iran’s Protection Council stated Monday that the one method for “non-belligerent” nations to go by way of the Strait of Hormuz is thru coordination with Iran, and warned that any assault on Iran’s coasts or islands would set off mine-laying throughout the Gulf sea lanes. The Council additionally warned of a “decisive and devastating response” to any assaults on Iranian power infrastructure.
Trump, in his ultimatum, posted in Fact Social, warned: “America will hit and obliterate their numerous POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!” Roughly a fifth of the world’s oil transited by way of the strait final 12 months.
Iran’s willingness to assault the transport vessels has nearly halted site visitors by way of the essential waterway, elevating fears of extended disruptions to world power provides.
International markets have reacted sharply. Shares in Asia and Europe fell Monday, whereas oil costs remained over $100 a barrel, up by greater than 50% because the begin of the conflict with Iran.
The newest volatility underscored how the conflict exhibits little signal of ending, at the same time as Trump lately steered he was contemplating “winding down” army efforts within the area.
Saudi Arabia’s Protection Ministry, in the meantime, stated it intercepted a ballistic missile launched in direction of its capital, Riyadh, and continued to intercept drones in a single day.
Listed here are the most recent updates:
Iran threatens assaults on Gulf power infrastructure
Israeli Prime Minister Benjamin (Bibi) Netanyahu, accompanied by Dimona Mayor, Benny Biton (L), communicate to media whereas visiting the realm destroyed by an Iranian ballistic missile final night time, leaving over 50 wounded residents on March 22, 2026 in Dimona, Israel.
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Alexi J. Rosenfeld/Getty Pictures Europe
Iranian officers warned Monday that if the U.S. follows by way of on Trump’s ultimatum and strikes Iran’s energy vegetation, Iran would retaliate towards power and water infrastructure throughout the Gulf area – together with in nations that host U.S. army bases.
In a separate assertion, Iran’s Protection Council stated “non-belligerent” nations might solely transit by way of the Strait of Hormuz by way of coordination with Iran, and warned that any assault on Iran’s coasts or island would set off mine-laying throughout Gulf sea lanes that would successfully block maritime site visitors past the slim strait.
CENTCOM chief says U.S. marketing campaign is “forward or on plan” as Hormuz disaster deepens
U.S. Central Command commander Adm. Brad Cooper stated Monday that the Strait of Hormuz is “bodily open,” however argued ships are staying away as a result of Iran was firing missiles and drones at vessels. Cooper made the feedback in an interview with Iran Worldwide, a London-based Persian information outlet.
Individuals wave flags as they display in help of the Iranian authorities on March 22, 2026 in central Tehran, Iran.
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Majid Saeedi/Getty Pictures
Cooper stated the U.S. marketing campaign in Iran is “forward or on plan,” saying that Iran’s army capabilities are deteriorating.
He additionally accused Iran of more and more concentrating on civilians throughout the Center East.
“They’re working in an indication of desperation…within the final couple of weeks they’ve attacked civilian targets very intentionally, greater than 300 instances,” Cooper stated.
Worldwide Vitality Company head warns world economic system faces “main, main risk”
An Extremely-Othodox Jewish man seems to be on the homes destroyed in an Iranian missile strike in Dimona on March 22, 2026.
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John Wessels/AFP by way of Getty Pictures
Fatih Birol, the pinnacle of the Worldwide Vitality Company, warned Monday that the worldwide economic system faces a “main, main risk” from the conflict’s disruption to grease and fuel flows.
“No nation will probably be resistant to the results of this disaster if it continues to go on this route,” Birol stated talking at Australia’s Nationwide Press Membership in Canberra Monday.
He added: “The state of affairs may be very extreme.”
“Not less than 40 power services throughout 9 nations have additionally been severely broken within the battle.”
Birol stated the present state of affairs was worse than the mixed oil crises of 1973 and 1979, which collectively misplaced 10 million barrels per day.
Israeli helicopter gunships fly alongside the Lebanon-Israel border within the Higher Galilee in northern Israel on March 22, 2026.
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Odd Andersen/AFP by way of Getty Pictures
“And right now, solely as of right now,” we misplaced 11 million barrels per day – so greater than two main oil shocks put collectively,” he stated.
Birol stated the IEA was consulting with governments in Europe, Asia, North America and the Center East about releasing extra stockpiles of oil, along with the “historic” 400 million barrels of oil launched earlier this month.
