tehran
\nAs tensions in the Middle East continue to escalate, Iran\u2019s Foreign Minister Seyed Abbas Araghchi on Monday mocked the United States\u2019 \u2018Operation Epic Fury\u201d, warning President Donald Trump that Tehran still has \u201cmany surprises\u201d in store.
\n\u201cNine days into Operation Epic Mistake, oil prices have doubled while all commodities are skyrocketing. We know the US is plotting against our oil and nuclear sites in hopes of containing huge inflationary shock,\u201d he wrote in a post on X.
\n\u201cIran is fully prepared. And we, too, have many surprises in store,\u201d he added.
\nShare markets fell today as the inflationary jolt from surging oil prices threatened to raise living costs and interest rates around the globe, while investors desperate for liquidity fled to the US dollar.
\nCrude oil futures soared almost 30% to nearly $120 a barrel, one of its biggest one-day jumps on record, threatening to raise costs of products from gasoline to jet fuel.
\nBrent crude futures LCOc1 were last up nearly 13% at $104.5 a barrel, while US futures were up 12% at $101.8 CLc1.
\nIran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, signalling that hardliners remained firmly in charge a week into the war with the US and Israel.
\nThat is unlikely to be welcomed by Trump, who had declared the son \u201cunacceptable\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"
tehran As tensions in the Middle East continue to escalate, Iran\u2019s Foreign Minister Seyed Abbas Araghchi on Monday mocked the United States\u2019 \u2018Operation Epic Fury\u201d, warning President Donald Trump that Tehran still has \u201cmany surprises\u201d in store. \u201cNine days into Operation Epic Mistake, oil prices have doubled while all commodities are skyrocketing. We know the …<\/p>\n","protected":false},"author":4,"featured_media":94845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-94866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/94866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=94866"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/94866\/revisions"}],"predecessor-version":[{"id":94878,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/94866\/revisions\/94878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/94845"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=94866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=94866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=94866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}