Ali Larijani escalates threats after Tehran says it struck a US base in the Iraqi Kurdistan region and the Islamic Revolutionary Guard Corps warns it will block Gulf oil exports, sending Brent and West Texas Intermediate above $100 a barrel and rattling markets.Prices later eased toward $85 a barrel when President Donald Trump signaled he thought the conflict could soon end, but pump prices and heating bills already rise and cross-border driving to cheaper stations increases.President Donald Trump draws sharp domestic backlash after he keeps a branded USA cap on while saluting flag-draped transfers of service members and is filmed playing golf; polls from Quinnipiac, Ipsos and the Associated Press-NORC show growing opposition to US military action.Economists including
Michael Feroli,
Matt Colyar and
Desmond Lachman warn higher oil will lift inflation and shave growth while German
Dax volatility and analysts at
J.P. Morgan and Deutsche Bank advise investors to watch energy exposure.