Share this Story : National Post Copy Link Email X Reddit Pinterest LinkedIn Tumblr

Mohamed Fahmy: A new threat to oil markets emerges in the Iran war

Houthis target Saudi shipping routes, as U.S. and Iran step up attacks

You can save this article by registering for free here. Or sign-in if you have an account.

Ten days into one of the most dangerous phases of the U.S.-Iran war, the killing of four American soldiers has dramatically expanded the conflict, opening new fronts and new threats to oil markets, and raising the spectre of a prolonged war of attrition across the Middle East.

Enjoy the latest local, national and international news.

Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events.

Unlimited online access to National Post.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles including the New York Times Crossword.

Support local journalism.

Enjoy the latest local, national and international news.

Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events.

Unlimited online access to National Post.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles including the New York Times Crossword.

Support local journalism.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.

Share your thoughts and join the conversation in the comments.

Enjoy additional articles per month.

Get email updates from your favourite authors.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account

Share your thoughts and join the conversation in the comments

Enjoy additional articles per month

Get email updates from your favourite authors

Sign In or Create an Account

Among the dead were a teenage female soldier, a young serviceman who had planned to marry his fiancée after completing his deployment, and a twenty year old female, all killed when Iranian strikes hit a military base used by American forces in Jordan on July 17. Two days later, a father of two died while disposing of a downed attack drone in northern Iraq. Their deaths brought the U.S. military death toll to 18 since the war began on Feb. 28, while nearly 100 American service members have been wounded during the past two weeks of escalating Iranian reprisals, according to the Pentagon.

Mohamed Fahmy: A new threat to oil markets emerges in the Iran war Back to video

Nothing shakes a nation at war more than the sight of flag-draped coffins returning home from the battlefield. President Donald Trump understands that political reality, which is why he has vowed that Iran will pay “many times over” for the deaths of U.S. soldiers. His warning signals that every American casualty raises the risk of an even more devastating escalation.

The National Post newsletter that doesn’t hold back, giving readers the unvarnished truth on media, politics and culture.

There was an error, please provide a valid email address.

By signing up, you consent to receive the above newsletter from Postmedia Network Inc.

A welcome email is on its way. If you don't see it, please check your junk folder.

The next issue of Right? will soon be in your inbox.

We........

© National Post