Iran threatens energy infrastructure

Oil shock: The Islamic Revolutionary Guard Corps has threatened to set the region’s oil and gas infrastructure “on fire” if Iranian energy sites are attacked. Khamenei’s purported statement called for the vital Strait of Hormuz to remain closed as a “tool of pressure,” as the global oil market faces historic levels of disruption.

Pentagon and National Security Council underestimated war’s impact on Strait of Hormuz

President Donald Trump’s national security team failed to fully account for the potential consequences of what some officials have described as a worst-case scenario now facing the administration, the sources said.

Treasury Secretary Scott Bessent and Energy Secretary Chris Wright have been key players throughout the planning and execution stages of the conflict, the sources acknowledged. But Trump’s preference of leaning on a tight circle of close advisers in his national security decision making had the effect of sidelining interagency debate over the potential economic fallout if Iran were to respond to US-Israeli strikes by closing the strait.

CNN