Trump predicts oil price drop after potential Iran war

At a glance

US President Donald Trump predicted oil prices will fall sharply after a potential US-Iran war.
Iran's naval commander responded that its forces can "paralyze the enemy."
US Senator Marco Rubio has described the Houthis as "proxies of Iran."

Story so far

Amid heightened tensions with Iran, US President Donald Trump has predicted that a potential war would lead to a sharp fall in global oil prices. He also asserted that Iran would never acquire nuclear weapons. In response, an Iranian naval commander stated that Iran's armed forces could "paralyze the enemy." Meanwhile, British Prime Minister Andy Burnham urged President Trump to work towards reopening the Strait of Hormuz. In a related comment, US Senator Marco Rubio has described Yemen's Houthi rebels as "proxies of Iran."