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US-Iran war news LIVE: Iran warns oil could cost $200 as war disrupts shipping, Trump says 'don't want to leave early'

LiveMint·12 March 2026·2h ago1 min read0 views
US-Iran war news LIVE: Iran warns oil could cost $200 as war disrupts shipping, Trump says 'don't want to leave early'

The ongoing conflict between the US and Iran has escalated significantly, with Iran launching drone and missile attacks on various Gulf ports, cities, and even targets in Israel. This surge in hostilities has alarmed neighboring countries and prompted calls from international actors, including Turkey and European nations, for an urgent ceasefire. The war's impact is further compounded by fears of a severe disruption to global oil supplies, with Iranian officials warning that oil prices could soar to $200 per barrel if the situation does not stabilize. Former US President Donald Trump has weighed in on the conflict, stating that the US does not intend to withdraw from the region prematurely. The geopolitical tensions surrounding this conflict reflect broader concerns about security, energy prices, and the stability of the Middle East, raising questions about the future of international relations in the region and the global economy at large.

Originally reported by LiveMint. Read original article

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