Day 11 of Crisis Triggered by US-Israel Attack on Iran: Iran Says US Presence Threat to Gulf, Trump Threatens 20-Fold Worse Strikes

Iran foreign minister Seyad Abbas Araghchi has said that oil prices have doubled as a result of the conflict and prices of other commodities are also skyrocketing.

The Wire Staff

Iran foreign minister Seyad Abbas Araghchi has said that oil prices have doubled as a result of the conflict and prices of other commodities are also skyrocketing.

day 11 of crisis triggered by us israel attack on iran iran says us presence threat to gulf trump threatens 20 fold worse strikes

Plumes of smoke rise as strikes hit the city during the U.S.-Israeli military campaign in Tehran, Iran, Thursday, March 5, 2026. Photo: AP/PTI

Today is the tenth day of the war launched by the US and Israel with strikes on Iran starting February 28. Even as the cycle of strikes by the US and Israel remain unabated, followed by retaliation by Iran, the conflict is also severely impacting the economy of the region, including oil prices.

Iran foreign minister Seyad Abbas Araghchi has said that oil prices have doubled as a result of the conflict and prices of other commodities are also skyrocketing. Araghchi added that while the US is hoping to contain the huge inflationary shock by "plotting" against Iran's oil and nuclear sites, Iran remains fully prepared.

This article went live on March tenth, two thousand twenty six, at eleven minutes past nine in the morning.

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