Trump Warns “Civilization Will Die” as Oil Surges Past $110 in Iran Crisis
Oil prices are jumping and markets are slipping after President Donald Trump warned Iran that “a whole civilization will die tonight,” escalating fears of a broader global conflict.
The warning landed just hours before a U.S. deadline tied to reopening the Strait of Hormuz, a critical oil route, raising the risk of supply shocks and military escalation.
According to Reuters and the International Energy Agency, crude prices surged past $110 per barrel as fighting intensified and shipping disruptions cut into global supply.
But the situation remains unstable. MarketWatch reports some traders are holding back, signaling uncertainty over whether the conflict will escalate or stall through diplomacy.
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Trump wrote on Truth Social, “A whole civilization will die tonight.”
The stakes are widening beyond energy markets. Economists warn the disruption could trigger inflation, slow global growth, and push economies toward recession if oil flows remain constrained.
Military activity is also expanding. U.S. strikes on Iran’s Kharg Island, which handles a major share of the country’s oil exports, mark a direct hit on energy infrastructure tied to global supply.
What happens next depends on whether Iran reopens the strait or retaliates further, with markets bracing for rapid shifts.
For now, investors and governments are watching every move.
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