00:02After the US and Iran traded strikes for the first time in a month, President Trump is now
00:07threatening to hit Iran hard. In an interview with Fox News Monday, Trump vowed there would
00:12be a response after Iran retaliated for US strikes with an attack on American forces in Jordan. But
00:19when asked whether the US was heading back to full-scale war, Trump said the response doesn't
00:24need to be that extensive.
00:30They've got 350% inflation. They have no currency. They're not paying their soldiers. Their leaders
00:39are largely dead. Their navy is gone. Their air force is gone. Their surveillance equipment
00:46is almost entirely gone. That doesn't mean we won't smack them. We'll see what happens.
00:53Meanwhile, new trouble in the Strait of Hormuz. Two crude oil tankers were struck by projectiles
00:58Monday night while traveling through southern shipping lanes the Trump administration has
01:03touted as open and safe. According to the Greece-based maritime risk organization Marisks, a South Korean
01:10owned tanker was hit just minutes after a Saudi flagged vessel. And the renewed tensions are
01:16pushing oil prices higher for a second straight day. Both major benchmarks were up more than
01:202% this morning with Brent crude above $92 a barrel and West Texas Intermediate around 88.
