Iran threatens retaliation in response to Trump ultimatum
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Oil prices dip in Asia despite threat of escalation as Washington and Tehran warn of tit-for-tat attacks
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Middle East war live: Iran threatens retaliation in response to Trump ultimatum on x (opens in a new window) Middle East war live: Iran threatens retaliation in response to Trump ultimatum on facebook (opens in a new window) Middle East war live: Iran threatens retaliation in response to Trump ultimatum on linkedin (opens in a new window) Middle East war live: Iran threatens retaliation in response to Trump ultimatum on whatsapp (opens in a new window) Middle East war live: Iran threatens retaliation in response to Trump ultimatum on x (opens in a new window) Middle East war live: Iran threatens retaliation in response to Trump ultimatum on facebook (opens in a new window) Middle East war live: Iran threatens retaliation in response to Trump ultimatum on linkedin (opens in a new window) Middle East war live: Iran threatens retaliation in response to Trump ultimatum on whatsapp (opens in a new window) Edited by Siona Jenkins and Peter Barber in New York and Josh Spero , Jonathan Wheatley and Philip Georgiadis in London Jump to comments section Print this page Editor's pick 3/23/2026, 12:08:25 AM Main developments Oil prices rose at the Asia open before falling back slightly in early trading as markets reacted to tit-for-tat threats by the US and Iran over the weekend. Iran has linked the opening of the Strait of Hormuz to the lifting of sanctions, saying “freedom of trade” was essential to freedom of navigation. Tehran threatened to hit US-linked financial institutions and “vital” infrastructure in the Middle East in response to further US attacks, warning it could also close the Strait of Hormuz to all traffic indefinitely. Trump said late on Saturday the US would strike Iran’s power plants if the country did not open the strait within 48 hours. Iran’s senior military commander said the country’s military strategy had shifted from defensive to offensive. Israel’s military chief said the war was at its “halfway point” and suggested the conflict would continue at leas...
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