'Broken for good': New Iran strikes spark concerns about fragile economy for analyst
The U.S. military announced Tuesday it had launched "powerful strikes" against Iran — something an analyst signaled could be a sign of what repercussions are to come.
CNN White House reporter Adam Cancryn told CNN anchor Jake Tapper and senior White House correspondent Kristen Holmes during a live report that a military official said these attacks were meant as "punishment" after Iran attacked three commercial vessels in the Strait of Hormuz. Cancryn warned that the retaliation could have a direct impact on Americans.
"At least in the immediate term here, it means more uncertainty when it comes to energy prices," Cancryn said. "So, we've already seen, as a result of these economic sanctions, sanctions being now reimposed, the global oil prices, and markets going up once again. The real risk here again is how the Iranians respond, whether they end up closing the Strait of Hormuz again, which, over the last few months, really pushed the price of oil and the price of gas at the pump up."...






