GLOBAL ENERGY CRISIS: The global economy faces "major threat" and the current energy crisis is worse than the oil shocks of the 1970s, the International Energy Agency warned, as Asian markets tumbled on the escalating threats. The U.S. moved to ease sanctions on Iranian oil to cool surging prices, but that could be a boon for Tehran.

With his latest Iran ultimatum looming, US President Donald Trump has pushed an anxious Persian Gulf region to the brink of further uncertainty and danger.

US President Donald Trump has described the assistance Ukraine is providing to countries in the Middle East as political PR by Ukrainian President Volodymyr Zelenskyy.

Iran on Monday threatened to attack Mideast electrical plants powering American military bases as U.S. President Donald Trump’s deadline on opening the Strait of Hormuz approaches.

A defiant Iran is threatening to destroy energy infrastructure in Israel and in neighboring countries with U.S. military bases if President Trump follows through on his threat to attack power plants in Iran.

Iran’s military declared it is ready to close the Strait of Hormuz indefinitely if US President Donald Trump carries out a threat to bomb its power plants.