Oil prices fall and stocks rebound
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A drop in oil prices slowed after Defense Secretary Pete Hegseth warned the day would be America's "most intense day of strikes inside Iran."
The Iran war has upended oil production and shipping across the Middle East, straining energy supplies worldwide. And crude prices swung wildly Monday.
Sen. Ted Cruz said Tuesday that there was likely no possibility the Iran war would become an extended military engagement and said it was "not Iraq."
Oil prices plunged after Trump warned that Tehran would be hit "twenty times harder" if it attempted to halt oil flows through the Strait of Hormuz.