President Donald Trump warned the U.S. would destroy Iran’s power plants if it didn't open the Strait of Hormuz. Iran said it would attack U.S. and Israeli energy infrastructure in response.

President Donald Trump threatened a major strike if Iran ignores his 48-hour ultimatum, but experts say it's unlikely to change Tehran's resolve.

Fears of a widening Middle East war drove steep selloff in Asian markets on Monday, with South Korea and Japan leading losses as the clock ran down on Trump's ultimatum to Tehran.

Iran on Monday threatened to attack Mideast electrical plants powering American military bases as U.S. President Donald Trump’s deadline on opening the Strait of Hormuz approaches.

The possibility of an American ground operation in Iran is growing, but one service member familiar with troops in the region told HuffPost the prospect would be "an absolute disaster."

DUBAI, March 23 (Reuters) - An attack on Iran's southern coast and islands will lead to Gulf routes being cut with the laying of sea mines, the country's Defence Council said on Monday according to state media.

Trump said the US would attack Iran's power plants if it didn't reopen the Strait of Hormuz in 48 hours. Iran responded on Sunday with is own threats.

Residents reported widespread power outages across the capital. Israel’s military said it had begun a new wave of airstrikes targeting infrastructure in the city, but did not provide further details.

The specter of stagflation caused by the Iran war has wiped out more than $2.5 trillion from the value of global bonds in March, on track for the biggest monthly loss in more than three years.