President Trump warned Iran will 'pay the price' for retaliatory strikes on U.S. allies, as the truce nears collapse.
- Iran attacked Bahrain, Kuwait, and Jordan, all hosting U.S. troops.
- Trump imposed a naval blockade on Iran, calling it a 'steel wall.' - Global oil prices surged above $91 a barrel, up 25% since the conflict began. The conflict, which started in February, continues to escalate with no clear diplomatic resolution in sight.