'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 ā 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."
The attacks also put the current ceasefire into further question while Trump was in Turkey, which borders Iran, for a NATO summit where world leaders were planning to discuss the Strait of Hormuz and the ongoing conflict.
"The concern here is that the ceasefire that we've had these last few weeks is maybe not as solid as people hoped it would be, that it's fragile, it could be broken. It could be broken for good," he added. "That's the real concern here that we end up in this standoff when it comes to the shipment of oil through that Strait."