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strikeJun 17, 2026

'2 weeks, 2 years': Trump says US can bomb Iran for years, then warns of another Great Depression

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'2 weeks, 2 years': Trump says US can bomb Iran for years, then warns of another Great Depression

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  • currentsapi(Mixed)By Swati Sakshi Mishra

    '2 weeks, 2 years': Trump says US can bomb Iran for years, then warns of another Great Depression ÉVIAN-LES-BAINS, FRANCE: President Donald J Trump delivered a striking, dual-track defense of his newly announced Middle East ceasefire framework at the close of the 52nd G7 summit,

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Meanwhile the U.S. military said on Wednesday it launched a new round of strikes on Iran at President Donald Trump's direction, marking a 12th successive night of American attacks. The Yemen-based militants, who control areas near the Bab el-Mandeb Strait on the opposite end of the Arabian Peninsula from the Strait of Hormuz, said on Monday they were imposing a naval blockade on Saudi Arabia in what some analysts have viewed as a tactical move by Iran to seek leverage in any diplomatic efforts to end the war.

Also Read: Trouble is brewing at Middle East's two key chokepoints Even before the renewed threats to shipping traffic in the Red Sea, Iran's near-total blockade of the Strait of Hormuz had stoked inflation around the world, pushing up oil prices and squeezing U.

S. gasoline consumers at a time when the unpopular war has put Trump's Republican allies under pressure ahead of congressional elections in November. Five tankers changed course in the Red Sea to avoid the Bab el-Mandeb Strait on Wednesday, and three tankers loaded with Saudi oil for China and India made U-turns on Tuesday.

Then the Houthis said their forces carried out missile and drone strikes on two Saudi oil tankers in the Red Sea, identifying them as the Encelia and the Layla. Also Read: Indian refiners halt Iraq oil loadings on rising Hormuz risk A maritime security source said Encelia had transmitted a distress call, reporting it had been struck by a missile near the Saudi port of Jizan in the Red Sea late on Wednesday.

British maritime risk management group Vanguard said the Saudi-flagged tanker was struck by an unknown projectile on its starboard side about 70 nautical miles southwest of Saudi Arabia's Al Shuqaiq. The attack on the Layla remained unconfirmed. Millions of barrels per day of Saudi oil have been heading to the kingdom's Red Sea port of Yanbu to avoid the Strait of Hormuz.

If shipments cannot pass through the Red Sea's southern strait, they have only the northern route through the Suez Canal, adding weeks to the journey and significantly raising costs. Moreover, the Houthi threat to impose a naval blockade against Saudi Arabia could significantly widen the war and strain a U.

S. military, current and former U.S. officials said. TRUMP THREATENS INFRASTRUCTUREBefore the Red Sea flare-up, Trump vowed on Wednesday to destroy an Iranian bridge or power plant every time Iran shoots at a ship in the Strait of Hormuz. Iran's joint military command in turn warned that if Trump's threat against infrastructure was carried out, Iranian forces would target regional oil, gas, electricity and economic infrastructure and prevent the export of "even a single drop of oil," Iranian state media reported.

Hours later, Iran's Revolutionary Guards reported an explosion in what it called a mined route south of the Strait of Hormuz, saying one of three oil tankers had caught fire while the other two turned back. The Guards said the strait was under their control and "completely closed," warning that no tanker would be allowed to enter or leave without coordination with Iran.

In 12 straight days of attacks since a June ceasefire fell apart, American strikes have widened from the south to western and central areas of Iran. The U.S. military's Central Command said it would continue to "further degrade" Iran's ability to threaten ship traffic.

Iranian state media said on Thursday the U.S. attacked one location in the city of Bushehr, near the country's only operating commercial nuclear power reactor, for the second time in two days, and that two people were killed in a U.S. missile strike near the passenger terminal at the Shalamcheh border crossing between Iran and Iraq.

Despite triumphant statements from Washington, Iran has demonstrated it retains missile and drone capabilities. Iran pounded vital water desalination and energy plants in Kuwait this week and targeted U.S. military assets there, in Bahrain and in Jordan.

Each side has also reported an escalating human toll. An Iranian health ministry official said 53 civilians had been killed and 592 wounded since late last month. Since the U.S. and Israel launched the war on February 28, thousands of people have been killed and millions displaced.

The U.S. military has said it never targets civilians, which could violate the 1949 Geneva Conventions on humanitarian conduct in war. Trump, however, has repeatedly threatened to attack civilian infrastructure, which may be targeted if it is also being used for military purposes, provided the civilian harm is not excessive.

The war has also led to the deaths of 18 U.S. service members and injured more than 450 troops. Trump attended a ceremony on Wednesday at Dover Air Force Base in Delaware for four U.S. service members killed in Iranian attacks on military bases over the last few days - three in Jordan and one in Iraq.

"For me it's one of the hardest things to do as a president. But it has to be done," Trump said before leaving for the ceremony. Later, at a speech in Georgia, Trump struck a different tone, saying of the war, "I call it a skirmish.

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Yemen's Houthi rebels have claimed military strikes on two Saudi oil tankers in the Red Sea, potentially opening a new front in the US-Iran war engulfing the region. The claim came as the United States launched a fresh wave of strikes on Iranian military targets, marking the twelfth consecutive night of US attacks on Iran.

The Houthis said they had carried out missile and drone strikes on two Saudi tankers that "violated the blockade", naming the vessels as the Encelia and the Layla. British naval security monitor UKMTO said the master of a tanker reported being struck by an unknown projectile about 70 nautical miles southwest of Al Shuqaiq, causing a fire that the crew was fighting.

The Red Sea escalation followed a Houthi threat to blockade Saudi ports, widening the pressure on key Middle East shipping routes already shaken by fighting over the Strait of Hormuz. US President Donald Trump had threatened to destroy an Iranian bridge or power plant for every attack on shipping in Hormuz, drawing an "eye for an eye" warning from Tehran as both sides sharpened threats in the escalating war.

Fighting over the vital energy waterway has collapsed a preliminary deal between the United States and Iran, with Tehran reimposing its blockade and firing on vessels that seek to transit. "Any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT," Mr Trump wrote on social media.

Iranian Foreign Minister Abbas Araghchi said Tehran would respond in kind to any attack on its infrastructure. "Our defence doctrine is clear: eye for an eye," Araghchi wrote on X. "Any aggression against Iran, including our infrastructure, will compel a powerful and decisive response.

" Iran's state broadcaster quoted the military as saying that US threats "will have no result other than the expansion of the war". Mr Trump rejected polls showing the war was unpopular as he headed to an airbase for the return of the remains of four US service personnel.

Three were killed in an Iranian attack on a military base in Jordan, and one died during a controlled detonation of an unexploded Iranian drone in Iraq. "Americans don't want high gasoline prices but they're not against the war," Mr Trump said. Brent crude, the global oil benchmark, briefly topped $95 a barrel for the first time in nearly six weeks on Wednesday.

Crude futures later shed some gains but were still up about 3%. 'Out-of-control military spending' Meanwhile, the US House of Representatives narrowly passed an annual defense policy bill that would authorize a record $1.15 trillion in funding for the Pentagon.

Though it traditionally sees significant bipartisan support, the 2027 National Defense Authorization Act (NDAA) passed the lower chamber in a 216-212 vote, a sign of the growing polarisation under Mr Trump. The bill, which must still pass the Senate, provides approximately $250bn more than the 2026 NDAA.

The House Armed Services Committee Republicans, in a statement, said the bill would help rebuild "depleted stockpiles", as the US expends large amounts of projectiles in its war against Iran. Democratic Representative Jerry Nadler, for his part, said he could not vote to give Trump and his Defense chief Pete Hegseth "$1.

15 TRILLION for their out-of-control military spending and irresponsible actions". "The NDAA is a costly, bad bill that funds an illegal war and undermines our democracy," he added. Mr Trump has sought to develop the so-called Golden Dome missile defense system to protect the US mainland, modeled after Israel's "Iron Dome".

US strikes US Central Command reported the latest strikes began at 9.30pm GMT yesterday (10.30pm Ireland time) against Iranian military targets, saying it aimed to "further degrade Iran's ability to threaten civilian mariners and commercial vessels transiting regional waters".

Kuwait's army said early this morning that its air defences were intercepting hostile drones, following several days of Iranian strikes on the country. "Kuwaiti air defenses are currently responding to hostile drone threats," the army said on X. "Any explosions that may be heard are the result of air defense systems intercepting hostile targets.

" Jordan said it had shot down four missiles and four drones, while air alert sirens sounded in Bahrain, where an AFP correspondent in Manama heard an explosion. The Iranian military and its powerful Revolutionary Guards confirmed targeting US assets in all three countries.

Red Sea threat Mr Trump said he would "take care of" the Houthis if they followed through on their blockade threat against Saudi ports. It remains unclear how fully the Houthis could enforce such a blockade, but the threat could compound the shock of the Hormuz closure, endangering Riyadh's ability to bypass the strait for some oil exports.

The Houthis had been broadcasting radio warnings to vessels, the International Chamber of Shipping said. The message warned that "in case of non-compliance of Yemeni armed forces decision, those ships will be in our target, over". During the Gaza war that began in October 2023, the Iran-backed Yemeni rebels attacked shipping in the Red Sea and Gulf of Aden, forcing vessels to make a long detour around Africa and prompting a US bombing campaign.

The latest threats appear to have been enough to encourage several vessels to reverse course before entering waters off Yemen, according to shipping tracker Kpler, though nearly 30 ships still crossed the Bab al-Mandab on Tuesday. Maritime data analysed by AFP showed that at least nine ships had turned back from crossing the strait after the Houthi blockade announcement, including three that had taken on oil at Saudi Arabia's Red Sea Yanbu terminal.

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Yemen's Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea on Wednesday, potentially opening a new front in the US-Iran war engulfing the region. The claim came as the United States launched a fresh wave of strikes on Iranian military targets, marking the twelfth consecutive night of US attacks on Iran.

The Houthis said they had carried out missile and drone strikes on two Saudi tankers that "violated the blockade", naming the vessels as the Encelia and the Layla. British naval security monitor UKMTO said the master of a tanker reported being struck by an unknown projectile about 70 nautical miles southwest of Al Shuqaiq, causing a fire that the crew was fighting.

The Red Sea escalation followed a Houthi threat to blockade Saudi ports, widening the pressure on key Middle East shipping routes already shaken by fighting over the Strait of Hormuz. US President Donald Trump had threatened to destroy an Iranian bridge or power plant for every attack on shipping in Hormuz, drawing an "eye for an eye" warning from Tehran as both sides sharpened threats in the escalating war.

Fighting over the vital energy waterway has collapsed a preliminary deal between the United States and Iran, with Tehran reimposing its blockade and firing on vessels that seek to transit. "Any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT," Trump wrote on social media.

Iranian Foreign Minister Abbas Araghchi said Tehran would respond in kind to any attack on its infrastructure. "Our defence doctrine is clear: eye for an eye," Araghchi wrote on X. "Any aggression against Iran, including our infrastructure, will compel a powerful and decisive response.

" Iran's state broadcaster quoted the military as saying that US threats "will have no result other than the expansion of the war". Trump has faced intense political pressure to end the conflict, which Defense Secretary Pete Hegseth said Tuesday had cost the United States US$37.

5 billion, up from nearly US$29 billion in mid-May. But Trump rejected polls showing the war was unpopular as he headed to an airbase for the return of the remains of four US service personnel. Three were killed in an Iranian attack on a military base in Jordan, and one died during a controlled detonation of an unexploded Iranian drone in Iraq.

"Americans don't want high gasoline prices but they're not against the war," Trump said. Brent crude, the global oil benchmark, briefly topped US$95 a barrel for the first time in nearly six weeks on Wednesday. Crude futures later shed some gains but were still up about three percent.

US Central Command reported the latest strikes began at 2130 GMT on Wednesday against Iranian military targets, saying it aimed to "further degrade Iran's ability to threaten civilian mariners and commercial vessels transiting regional waters". Kuwait's army said early Thursday local time its air defences were intercepting hostile drones, following several days of Iranian strikes on the country.

"Kuwaiti air defenses are currently responding to hostile drone threats," the army said on X. "Any explosions that may be heard are the result of air defense systems intercepting hostile targets." Jordan said it had shot down four missiles and four drones, while air alert sirens sounded in Bahrain.

The Iranian military and its powerful Revolutionary Guards confirmed targeting US assets in all three countries.

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Oil prices rose on Wednesday, with Brent crude surpassing US$95 per barrel for the first time in nearly six weeks amid US-Iran strikes, before paring some gains while remaining up around three percent. Maritime tracking data showed at least nine ships reversing course from the Bab al-Mandab strait after Houthi rebels announced a blockade of Saudi ports, including vessels that had loaded at the Yanbu terminal.

US equity markets registered a muted response, with the S&P 500 falling 0.1 percent.

Location: Strait of Hormuz