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Iran has threatened to escalate strikes on energy infrastructure should President Donald Trump make good on a promise to "obliterate" the country's power plants if it does not reopen the Strait of Hormuz. NBC News' Matt Bradley reports from Tel Aviv, Israel.
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U.S.-Iran threats over Hormuz rattle markets as oil risk lingers and missiles hit Israel, raising fears of a prolonged conflict.
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Corporate executives are not panicking over a short-term increase in oil prices and Strait of Hormuz closure, but patience may wear thin in a matter of weeks.
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Iran launched missiles at two southern Israeli cities that lie close to the country's main nuclear research center, while President Trump gave Iran 48 hours to reopen the Strait of Hormuz.
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Iran and Israel traded attacks on Saturday as the war in the Middle East escalated into a dangerous new direction at the start of its fourth week.
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About a third of all fertilizer shipped globally passes through the Strait of Hormuz. Now shipping is all-but stopped through the Strait and this could have repercussions for the global food supply.
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