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Crude oil prices have retreated below $98 after breaching $100 but remain on track for a roughly 10 percent weekly gain.
The U.S. military launched the 13th consecutive night of strikes against Iran on July 23.
Senate Majority Leader John Thune said the legislation could be passed by the Senate before the August recess.
President Donald Trump said, ‘We’ll be hitting that area pretty soon, and very heavily.’
The British Embassy in Tehran previously withdrew its staff on Feb. 27, the day before the start of the U.S. war with Iran.
‘They haven’t received enough pain yet,’ the U.S. president said.
Trump has vowed to destroy one Iranian bridge or power plant for every ship Tehran targets in the Strait of Hormuz.
The long-held Saudi position on joining the Abraham Accords is that it will not do so unless Israel commits to the existence of a Palestinian state.
Amid intensifying fighting between the United States and Iran, the Iran-aligned Houthis have taken new steps to attack Saudi Arabia and impede maritime trade.
Threats to shipping through two major Middle Eastern waterways deepened concerns about disruptions to global energy supplies.
‘The mission will continue to further degrade Iran’s ability to threaten civilian mariners and commercial vessels transiting regional waters,’ CENTCOM stated.
The Iranian-backed Yemeni terror group declared a blockade of the vital shipping route on July 20.
The dignified transfer ceremony was held after four U.S. soldiers were killed in Iranian strikes over the weekend.
The U.S. military said three soldiers were recently killed in Jordan due to Iranian attack on a base in the country.
The targets could include sites near Iran’s capital, Tehran, the president said.
Threats to shipping in the Strait of Hormuz and Bab el-Mandeb deepened concerns about disruptions to global energy flows.
He warned against allowing Iran to set a ‘dangerous precedent’ by taking control of an international waterway, which would be repeated in other regions.
The campaign targeted the Iranian regime’s military operations centers, maritime capabilities, aircraft hangars, drone storage facilities, and more.
There is an active Australian Federal Police arrest warrant against him and he was believed to have died over 10 years ago.
