Dubai: Iran has warned that it will deliver a painful response if the United States resumes military attacks, as global oil prices continue to move sharply up and down in reaction to the crisis.
The warning comes at a time of fragile calm following weeks of confrontation. Iranian officials have made it clear that any new strike on their territory or energy facilities will trigger retaliation. The message is aimed at deterring further military action, but it has also increased uncertainty in global markets.
At the centre of the crisis is the Strait of Hormuz, a narrow but vital shipping route through which nearly one fifth of the world’s oil supply passes. Shipping activity in the area has been disrupted due to security fears, including the risk of mines and drone attacks. Many vessels have either delayed or avoided passing through the route, affecting global supply.
Oil markets have reacted quickly to each development. Prices have surged above 120 dollars per barrel in recent days, but they have also dropped suddenly when there are signs of possible talks or easing of the situation. This back and forth movement shows how sensitive the market is to both political statements and military signals.
The United States, led by Donald Trump, has maintained a firm position. Washington has said it is ready to act if necessary, while also pushing for broader negotiations that include Iran’s nuclear programme. However, there has been little progress in diplomacy, with both sides holding to their demands.
Efforts are underway to reopen the Strait of Hormuz and restore normal shipping. The United States has been seeking support from international partners to secure the route, but several countries remain cautious about becoming directly involved. Without a coordinated response, reopening the waterway could take time.
The impact of the crisis is already being felt around the world. Rising oil prices are increasing fuel costs and adding pressure on inflation. Countries that depend heavily on imported energy are especially vulnerable, as higher prices affect transport, food, and daily living expenses.
Experts warn that if the disruption continues, it could slow global economic growth while prices remain high. This situation would create serious challenges for governments trying to balance growth and cost control.
Despite the strong warnings, there are still hopes that diplomacy can prevent further escalation. Both sides have signaled that they are open to talks under certain conditions, but deep differences remain. Any misstep could quickly push the situation back into open conflict.
For now, global markets and governments are watching closely. The next steps taken by Iran and the United States will not only shape the security situation in the region but also determine the direction of oil prices and the stability of the global economy.