Iran Threatens Painful Retaliation Across Middle East as Trump Floats Wiping It Out at UN Week
Updated
Updated · CNBC · Sep 20
Iran Threatens Painful Retaliation Across Middle East as Trump Floats Wiping It Out at UN Week
3 articles · Updated · CNBC · Sep 20
Summary
Iran's military warned of sustained, effective and painful attacks on U.S. positions and interests across the Middle East if Washington launches a new strike, saying regional states that support it would also be treated as combatants.
Trump raised the stakes ahead of the UN General Assembly, saying the choices were either a deal or letting Iran's economy rot — and that he was in "deciding mode" over whether to blow up the nation, even as he said he could meet President Masoud Pezeshkian.
The U.S. State Department issued a security alert for Americans in the region after Iran-backed Houthis claimed missile and drone attacks on Riyadh; Saudi Arabia said it intercepted a ballistic missile and reported no casualties.
Brent crude fell 1.7% to $102.15 and WTI dropped 1.8% to $98.46 as traders bet Saudi shipments may recover, though Eurasia Group said prices are likely to stay in a $90-$110 range.
The confrontation comes after a June memorandum collapsed, with Tehran insisting Hormuz will stay shut until Washington eases sanctions, lifts the naval blockade and ends military threats.