• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsIran

Trump says U.S. may target new parts of Iran in escalating war

By
Arsalan Shahla
Arsalan Shahla
,
Kateryna Kadabashy
Kateryna Kadabashy
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Arsalan Shahla
Arsalan Shahla
,
Kateryna Kadabashy
Kateryna Kadabashy
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
March 7, 2026, 11:14 AM ET
President Donald Trump speaks during the "Shield of the Americas" Summit at Trump National Doral in Miami, Florida, March 7, 2026.
President Donald Trump speaks during the "Shield of the Americas" Summit at Trump National Doral in Miami, Florida, March 7, 2026. SAUL LOEB / AFP via Getty Images

President Donald Trump said the US will consider striking areas and groups of people in Iran that were not previously considered targets, escalating a week-long war that’s upended energy markets and reverberated worldwide. 

Recommended Video

“Today Iran will be hit very hard!” Trump said in a social media post in the early hours of Saturday, as the US and Israel bombarded Tehran and other cities for an eighth day. The attacks will continue “until they surrender or, more likely, completely collapse!”

The post came after Iran President Masoud Pezeshkian vowed not to back down as Tehran maintained missile strikes on Israel and Gulf states hosting American military forces. “The idea that we would surrender unconditionally — they must take such a dream to the grave,” he said in a speech. 

Pezeshkian — who sits on the three-man interim leadership council after US and Israeli strikes killed Supreme Leader Ayatollah Ali Khamenei on Feb. 28 — said he’s told the military not to attack any nation that isn’t striking the Islamic Republic. He apologized to neighboring countries, without being specific, calling them “our brothers.”

The conciliatory language wasn’t backed by action, as Iran launched drones and missiles at Qatar and Bahrain and the United Arab Emirates said it continued to fend off projectiles. Kuwait, OPEC’s fifth-biggest producer, reduced oil and refinery production, citing the “ongoing aggression by the Islamic Republic of Iran.”

Saudi Arabia intercepted drones that were heading toward a major oil field, the latest energy asset to be targeted in a conflict that’s triggered a surge in crude and gas prices.  

Trump said the US is giving “serious consideration for complete destruction and certain death, because of Iran’s bad behavior” to “areas and groups of people that were not considered for targeting up until this moment in time.” He seized on Pezeshkian’s apology, saying he was forced into it by “the relentless U.S. and Israeli attack.” 

Pezeshkian may have been referring to Azerbaijan, after Iran Foreign Minister Abbas Araghchi denied responsibility for missiles fired at the country’s northern neighbor earlier in the conflict.  

Iranian media, including the semi-official Jamaran news agency, were quick to interpret Trump’s post as a threat to civilians. So far, US and Israeli attacks appear to have focused on military and government sites rather than a full-scale bombing of cities and infrastructure. 

Iran has still reported at least 1,332 people killed in the war so far, alongside widespread destruction. Six US troops have died, all of them in the first two days of fighting.

The exchange came a week after the US and Israel began striking the Islamic Republic in a war that shows no sign of letting up. The conflict has disrupted global supply chains and stoked fears of a new inflation crisis, while more than a dozen countries have been sucked into the fray.

Read More: Energy Price Shock From Iran War Exposes Europe’s Weakness

German Chancellor Friedrich Merz warned the US and Israel against waging an “endless war” that could lead to the disintegration of Iran, a new migration crisis in Europe and lasting economic damage. Saudi Arabia stepped up direct engagement with Tehran in a bid to de-escalate tensions, according to several European officials. 

Iran’s Assembly of Experts plans to hold a session to elect a new supreme leader within the next 24 hours, Iran’s semi-official Fars reported. Mojtaba Khamenei, the slain leader’s second-oldest son, is in the running. 

The Trump administration pushed back against worries around surging energy costs as a result of the war, with US gasoline prices rising to the highest since September 2024. US crude futures ended the week above $90 a barrel — more than $20 higher than last Friday — and notched the biggest weekly percentage gain on record in data going back to the 1980s. 

Prices for liquefied natural gas have also surged after Qatar, one of the world’s biggest producers of the fuel, was forced to shut a major plant.

Shipping through the Strait of Hormuz — a critical chokepoint for global oil and gas flows — remains at a near-total halt and energy exporters are scrambling for routes out of the region. 

“Oil prices would likely exceed $100 next week if no signs of solutions emerge by then,” Goldman Sachs analysts including Daan Struyven wrote on Friday. There’s a risk that 2008 and 2022 peaks could be exceeded, especially for refined products, if flows through the strait remain depressed through March, they said. 

Iran on Friday warned that it would strike US- and Israel-linked ships in the strait. Meanwhile, Saudi Arabia is diverting millions of barrels of crude to a port on its Red Sea coast, helping the world’s top exporter maintain some supplies. 

Read More: Trump Faces Criticism From UAE Business Community Over Iran War

Gulf states “did not choose this war,” Khalaf Al Habtoor, a Dubai billionaire and hotel tycoon, posted on X on Saturday, reflecting a broad pushback against the conflict around the region. “We will not accept our homelands being turned into a battleground.”

Trump hosted defense industry executives at the White House on Friday to underscore the need to step up the production of critical weapons systems. They agreed to “quadruple” the output of the most expensive US hardware, Trump posted on social media after the meeting. 

With no clear timeline for the end of military operations, countries in Europe and Asia have been moving to bolster the region’s defenses. NATO said it was boosting its missile defense posturefollowing the downing on Wednesday of an Iranian missile heading toward Turkish airspace.

Israel unleashed a wave of airstrikes on Beirut’s southern suburbs and expanded its ground presence inside Lebanon on Friday, stepping up a parallel campaign against the Iran-aligned militant group Hezbollah. Lebanon’s health ministry said at least 120 people have been killed there.  

Airlines remain hamstrung by the conflict, with the number of canceled flights to Middle East hubs surpassing 27,000 since fighting began. Thousands of passengers remained stranded in the Gulf region, although on Friday Emirates said it’s aiming for a return to full network operations in coming days. 

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Arsalan Shahla
See full bioRight Arrow Button Icon
By Kateryna Kadabashy
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

trump
Commentarynational debt
America’s national debt is heading to 175% of GDP. Here’s why no president—including Trump—has the will to stop it
By Steve H. Hanke and David M. WalkerApril 22, 2026
46 minutes ago
Photo: FBI agents
EconomyMarkets
‘Something sinister’: What we know about the FBI probe into dead and missing scientists linked to space and military industries
By Jim EdwardsApril 22, 2026
1 hour ago
U.S. President Donald Trump speaks in the Oval Office after signing an Executive Order April 18, 2026 in Washington, DC.
PoliticsIran
Trump extends Iran ceasefire after insisting he wouldn’t hours earlier, citing a ‘seriously fractured’ Iran
By Eva RoytburgApril 21, 2026
14 hours ago
Chip Roy introduces the Mamdani Act to punish immigrants for ideology—including socialism and Marxism
PoliticsImmigration
Chip Roy introduces the Mamdani Act to punish immigrants for ideology—including socialism and Marxism
By Catherina GioinoApril 21, 2026
15 hours ago
James Uthmeier
LawOpenAI
Florida launches criminal probe into OpenAI to see if ChatGPT is responsible for fatal Florida State shooting
By Mike Schneider and The Associated PressApril 21, 2026
15 hours ago
Photo of Jeff Bezos (left) and Pete Hegseth before a sign that reads Freedom
PoliticsSpaceX
‘Something sinister could be happening’: FBI looks into dead or missing nuclear and space defense scientists tied to NASA, Blue Origin, and SpaceX
By Catherina GioinoApril 21, 2026
16 hours ago

Most Popular

$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
Law
$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
By Sasha RogelbergApril 20, 2026
2 days ago
Jeff Bezos once gave Eva Longoria and the admiral behind Osama bin Laden's capture $100 million—but she says you don't need wealth to give back
Success
Jeff Bezos once gave Eva Longoria and the admiral behind Osama bin Laden's capture $100 million—but she says you don't need wealth to give back
By Orianna Rosa RoyleApril 21, 2026
1 day ago
'Something sinister could be happening': FBI looks into dead or missing nuclear and space defense scientists tied to NASA, Blue Origin, and SpaceX
Politics
'Something sinister could be happening': FBI looks into dead or missing nuclear and space defense scientists tied to NASA, Blue Origin, and SpaceX
By Catherina GioinoApril 21, 2026
16 hours ago
The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
Real Estate
The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
By Sydney LakeApril 21, 2026
17 hours ago
Tim Cook's exit is part of a CEO reckoning sweeping Corporate America
Newsletters
Tim Cook's exit is part of a CEO reckoning sweeping Corporate America
By Diane BradyApril 21, 2026
1 day ago
This talent CEO says laid-off tech workers are ignoring a $300K ‘white-collar trade job’ with 81K openings a year
Economy
This talent CEO says laid-off tech workers are ignoring a $300K ‘white-collar trade job’ with 81K openings a year
By Jake AngeloApril 20, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.