US Defense Secretary Pete Hegseth last night guaranteed Iran will 'surrender' as oil prices soared past $100 a barrel for the first time in four years as the war causes global markets to rattle.
Hegseth sat down for an exclusive interview with CBS News' '60 Minutes,' where he was asked what the president meant by his demand for an 'unconditional surrender.'
'It means we’re fighting to win. It means we set the terms,' the Defense Secretary replied.
Meanwhile. the price of a barrel of oil has rocketed to above $100 for the first time in years, as the war in the Middle East spins the markets into chaos.
An emergency meeting of the G7 has been called for today, where crisis options including the release of oil reserves will be discussed.
And Iranian clerics announced Mojtaba Khamenei, the second eldest son of former leader Ayatollah Khamenei, as Iran's new Supreme Leader.
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- Bahrain’s state oil company declares force majeure after Iran strikes refinery
- Oil prices surge and Hegseth guarantees a 'surrender': Key developments in Iran war
- Oil prices rise to above $100 a barrel for first time in four years
- Oil prices surge past $100 a barrel as US war with Iran ramps up
- Mojtaba Khamenei elected as Supreme Leader
- Iranian military chief killed in strikes, IDF confirms
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