CNBC Daily Open: Iran has more avenues of retaliating against the U.S. - including oil supply
CNBC••nation
Key Points:
- Iran is emerging as the next focus of President Donald Trump's attention amid ongoing nationwide protests, with over 500 deaths reported as the government cracks down on dissent.
- The U.S. is considering a range of responses to the unrest in Iran, including military, cyber, and economic measures, though no decisions have been made yet.
- Experts warn that any conflict with Iran could disrupt the Strait of Hormuz, a crucial route for global oil supply, potentially causing significant spikes in oil prices.
- Iranian officials have threatened retaliation against U.S. targets, including Israel and American military bases, if attacked, highlighting the high risks of escalation.
- In related news, Federal Reserve Chair Jerome Powell disclosed he is under criminal investigation linked to a
