Oil prices have surged past $110 a barrel. This increase comes after former President Trump issued a series of strong warnings concerning Iran.
Reports indicate Trump's statements included profane language and threats of severe action, including striking "every power plant" and bringing "Hell" to the nation. These warnings were reportedly made in connection with the Strait of Hormuz.
The threats also follow a successful US rescue mission where an airman evaded capture in Iran, with some reports suggesting Trump's stance was influenced by the event. This is a developing story and will be updated as details emerge.
