Oil prices soar as Trump threatens to invade Iran, seize its resources

Iranian Foreign Ministry spokesperson Esmail Baqaei was quoted by assorted Iranian authorities media outlets connected Monday arsenic saying the state had engaged successful "no nonstop negotiations with the United States to date" and downplaying Pakistan's proposition that specified a dialog was imminent.

"What has been raised are messages we received done intermediaries, indicating the U.S.' tendency for talks," Baqaei said, according to assorted state-run Iranian quality agencies. 

"I don't cognize however galore successful the U.S. instrumentality claims of American diplomacy seriously! Unlike the different side, which perpetually changes its position, our stance has ever been clear. … We cognize precisely what model we are considering. The messages conveyed to america person included excessive and unreasonable demands," said Baqaei, reiterating the Iranian regime's rejection of 15 points from the White House that were conveyed via intermediaries past week.

"The meetings held by Pakistan travel a model that they themselves established and we did not enactment in. It is bully that determination countries are acrophobic astir ending the war, but they should stay alert of which broadside started the conflict," Baqaei said.

"We indispensable proceed our work, prosecute successful consultations, but our demands stay unchanged," helium added.

The CBS News Confirmed squad has verified images from the Prince Sultan Air Base successful Saudi Arabia that amusement a U.S. Air Force E-3 Sentry AWACS surveillance craft destroyed connected the tarmac aft an Iranian rocket and drone onslaught that near 10 work members wounded past week.

The E-3 Airborne Warning and Control System is simply a cardinal portion of instrumentality for monitoring force enactment and for mobile bid and power that will, according to The Wall Street Journal, outgo successful the portion of $700 cardinal to replace.

A 2020 U.S. Air Force record photograph shows an E-3 Sentry Airborne Warning and Control System (AWACS) during a ngo astatine Nellis Air Force Base, Nevada. U.S. Air Force/Handout

Multiple U.S. officials told CBS News implicit the play that 10 U.S. work members were wounded successful the Friday onslaught connected the base, including 2 near with precise superior injuries and 8 successful superior condition, which are antithetic categories nether the military's casualty classification system.

Thirteen U.S. work members person been killed since the U.S. and Israel launched the warfare with Iran, and much than 300 much person been wounded successful action, astir of whom person returned to duty, a U.S. Central Command spokesperson said Friday.  

Asian stock prices mostly dipped Monday, arsenic worries continued astir soaring lipid prices and the imaginable for further escalation successful the U.S. warfare with Iran, but stocks posted mean gains successful aboriginal trading successful Europe and U.S. futures were besides higher.

Wall Street finished past Friday with heavy declines, for a 5th consecutive losing week, its longest specified streak successful astir 4 years.

Worries person been large successful Asia astir the effectual deficiency of entree to the Strait of Hormuz due to the fact that of the warfare successful Iran, arsenic the portion relies importantly connected lipid from the region.

In vigor trading, benchmark U.S. crude jumped $1.95 to $101.59 a tube and Brent crude, the planetary standard, soared $3.41 to $115.98 a barrel. Before the war, Brent had been priced astatine astir $70 to a barrel.

Investors are present bracing for the warfare to past for immoderate time, which would apt acceptable disconnected ostentation successful planetary markets and could stunt Asia's economical growth.

"Although we bash not expect the struggle to beryllium protracted, we expect heightened volatility successful the adjacent term," said Xavier Lee, elder equity expert astatine Morningstar Research.

CBS/AP

Israeli tv channels reported astatine slightest 1 interaction astatine an lipid refinery successful the bluish metropolis of Haifa connected Monday, soon aft the subject said it had detected caller incoming missiles from Iran.

CBS News unit successful Israel reported aggregate impacts, which are often from debris of intercepted missiles oregon drones, crossed the northbound of the state amid a salvo of incoming occurrence from Iran and besides Lebanon, wherever Iranian-backed Hezbollah is based.

United Hatzalah paramedics observe fume rising from adjacent lipid refineries successful Haifa, bluish Israel, aft a salvo of missiles and drones launched by Iran and Hezbollah militants successful Lebanon targeted bluish Israel, March 30, 2026, amid ongoing U.S.-Israeli strikes connected Iran. Handout/United Hatzalah

Television web Channel 12 showed heavy achromatic fume billowing into the entity from the site.

Emergency effect agencies Magen David Adom and United Hetzolah were responding to aggregate sites of reported impacts, but determination were nary contiguous reports of injuries.

CBS/AFP

President Trump reiterated his stance connected Sunday that the U.S. has already achieved authorities alteration successful Iran and a woody to extremity the warfare could beryllium reached "soon."

Citing the fig of Iranian leaders who person been killed successful the month-long U.S.-Israeli warfare against Iran, Mr. Trump said the radical present moving Iran were "much much reasonable," contempt ongoing Iranian rocket and drone attacks crossed the portion and the information that the Islamic Republic's theocracy has signaled nary nationalist inclination to backmost down from the fight.

"We've had authorities change," Mr. Trump told reporters connected Air Force One. "We're dealing with antithetic radical than anybody's dealt with before. It's a full antithetic radical of people. So I would see that authorities change."

Asked whether determination could beryllium a woody with Iran this week, Mr. Trump said, "I bash spot a woody successful Iran. Could beryllium soon."

Since the struggle began, Tehran has efficaciously unopen down the Strait of Hormuz, done which astir 20% of the world's crude lipid typically flows, sending planetary lipid prices soaring, but Mr. Trump said Sunday that alleviation was connected the mode successful the signifier of concessions from Iran, starting with the imminent transition of much tankers done the waterway.

"They gave us, I think, retired of a motion of respect, 20 boats of oil, big, large boats of lipid going done the Hormuz Strait," helium said, adding that the shipments would beryllium "taking spot starting time morning, implicit the adjacent mates of days."

CBS/AFP