Iran has warned it would launch a “long and painful” retaliation against U.S. forces if Washington resumes attacks.
A senior Revolutionary Guards official said any renewed strikes could trigger assaults on U.S. military bases and assets across the region, escalating an already tense standoff linked to the ongoing conflict that began in February 2026
The threat comes amid a fragile ceasefire and continued confrontation over control of the Strait of Hormuz, a vital Strait of Hormuz shipping route handling roughly 20% of global oil supply.
Iran has maintained restrictions on the waterway in response to U.S. pressure, while diplomatic efforts remain stalled and both sides continue to signal possible further military action.
Global oil prices have reacted sharply to the uncertainty, initially surging above $126 per barrel a four-year high before falling back as traders responded to mixed signals on escalation and demand.
The resulting volatility highlights market anxiety over supply disruptions and the broader economic risks posed by a prolonged U.S.–Iran conflict
