Iran issues warning of intensified attacks following escalation of tensions with US
Tensions between Iran and the United States continue to rise, with officials in Iran issuing a warning that attacks on US military vessels will increase.
The comments follow a developing conflict, with the US being reported to have held up alleged strikes on US military assets carried out by Iranian forces, while American officials monitor the situation.
There are concerns that the situation could further threaten stability in the wider region, where further escalation would have significant ramifications for global shipping, energy supplies and global markets.
As a region that a significant percentage of world’s oil trade has to traverse via Strait of Hormuz there are concerns that fueling of tensions could lead to an increase in oil prices.
Many governments and world bodies are keeping a close eye on the events, while diplomatic efforts to quell the mounting conflict continue, and the world watches on to see how this plays out.
The developments could have affect regions far beyond the Middle East should Iran attack international shipping and oil routes as concerns are voiced over an increase in global energy prices