President Donald Trump announced an intensification of U.S. strikes against Iran, anticipating operations over the coming two to three weeks. He stated that current operations have met or surpassed expectations.

Escalation of Military Action

Trump issued a warning that the campaign would target Iran 'very hard,' signaling an escalation of attacks in the near future. He did not address potential negotiations or revisit his previously stated April 6 deadline regarding the reopening of the Strait of Hormuz.

Market Response & Energy Costs

The announcement immediately impacted global markets, with Brent crude oil exceeding $106 per barrel and U.S. crude climbing above $104 per barrel. Gasoline prices in the United States rose to over $4 a gallon, a level not seen since 2022.

International Diplomatic Efforts

A U.N. Security Council meeting was held on Thursday to address transit through the Strait of Hormuz, the Persian Gulf, and the Gulf of Oman. The council passed a resolution to ensure seamless transit in the area.

Security Council Resolution & GCC Concerns

Bahrain, as the U.N. Security Council president, requested a vote on the resolution alongside other members of the Gulf Cooperation Council (GCC). The GCC Secretary General stated that Iranian attacks had “crossed all red lines.” However, Russia and China, both permanent members of the Security Council, hold veto power.

Iranian Preparations & International Meetings

Members of Iran's paramilitary Revolutionary Guard were observed attaching messages to missiles criticizing Trump. Thirty-five nations convened a virtual meeting, led by U.K. Foreign Secretary Yvette Cooper, to discuss opening the Strait of Hormuz and potential security arrangements. The U.S. did not participate in this meeting.

Allied Reactions & Iranian Defense Posture

French President Emmanuel Macron criticized the U.S. for initiating conflict without consulting allies and questioned expectations of unwavering support. He emphasized the importance of alliances and commitments.

Iranian Mobilization

Mohammad Bagher Qalibaf, Iran's parliament speaker, claimed seven million Iranians are prepared to defend the country. Iranian state media and text message campaigns are encouraging citizens to volunteer, and the Basij force is recruiting children as young as 12. Iran’s army chief, Maj. Gen. Amir Hatami, warned that no one would survive a U.S. ground invasion.