US Secretary of War Hegseth says US has a plan to escalate in Iran, if needed

The statement from US Secretary of War Hegseth indicates a readiness to escalate military action in Iran, which heightens regional tensions.

Newsquawk StaffPublished 12 May 2026, 13:03 UTCOn the live feed at 12:43 UTC — 7 more headlines followed before this page went public

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Context

This could have immediate implications for oil prices, particularly WTI, as concerns over supply disruptions may arise, impacting both energy markets and broader risk sentiment.

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