Evening Briefing Asia

Trump’s Tougher War Talk Signals Deeper Escalation in Iran

Get caught up.

A woman poses with a picture of Mojtaba Khamenei during a rally in support of him at Enghelab Square in Tehran on March 9.Photographer: Atta Kenare/AFP/Getty Images

With the price of oil holding around $100 a barrel and criticism mounting over the global impact of the US-Israeli strikes on Iran due to the halt of a crucial coastal trade route, President Donald Trump is doubling downBloomberg Terminal on the war rhetoric.

The US was “ totally destroying the terrorist regime of Iran, militarily, economically, and otherwise,” Trump said in a social media post late Thursday. “We have unparalleled firepower, unlimited ammunition, and plenty of time - Watch what happens to these deranged scumbags today.”