Oil prices plunged after Trump warned that Tehran would be hit "twenty times harder" if it attempted to halt oil flows through the Strait of Hormuz.

Iran has named Mojtaba Khamenei - the son of Ayatollah Ali Khamenei, who was killed nine days ago by US-Israeli strikes - as its new Supreme Leader.

U.S. President Donald Trump on Monday threatened to escalate the war with Iran if it blocked oil shipments from the Middle East, even as he predicted ​a quick end to the conflict. Trump's warning came at the end of a day that saw global financial markets seesawing on concerns that Iran's security establishment was rallying behind new Supreme Leader Mojtaba Khamenei and ‌was not prepared to back down any time soon.

Australia 'moved by plight' of Iran women footballers, PM says. 00:00:44, play videoAustralia 'moved by plight' of Iran women footballers, PM says 0:25Protesters in Australia surround Iran football team bus.

US President Donald Trump is under pressure to curb oil prices sent skyrocketing by the war with Iran, but has only limited tools to fix a problem that is shaking the world economy and is politically

As the U.S.-Israel war on Iran entered its 10th day, oil prices soared over fears of a prolonged conflict, Tehran appointed a new supreme leader and the Pentagon made public the name of the seventh U.

Australia 'moved by plight' of Iran women footballers, PM says. 00:00:44, play videoAustralia 'moved by plight' of Iran women footballers, PM says 0:25Protesters in Australia surround Iran football team bus.

President Trump on Monday threatened the Iranian regime against halting the flow of oil through the Strait of Hormuz, as gas prices back home rise amid the U.S.-Israeli war with Iran. “If Iran does anything that stops the flow of Oil within the Strait of Hormuz,