Trump threatens new Iran escalation and risks repeating old mistakes
XLE•Trump ramps up strikes as ceasefire unravels
President Donald Trump has ramped up U.S. air strikes on Iran and threatened broader escalation, but there is little sign that a military strategy that has already failed to extract concessions from Tehran will succeed this time.
With the collapse of an interim ceasefire deal reached a month ago, Trump finds himself in a bind as he seeks to break Iran’s grip on the vital Strait of Hormuz and force Tehran to accept his demands.
While the two sides have so far avoided a return to full-scale conflict, hopes of finding an off-ramp anytime soon have faded in a crisis that has again driven up global oil prices and sent shockwaves through financial markets.
A wave of tit-for-tat attacks continued into a sixth day on Thursday while Iran signaled it could prod its Houthi allies in Yemen to close another key oil-shipping strait — the Bab al-Mandeb at the mouth of the Red Sea — if Washington hits Iran's power infrastructure as Trump has threatened.




