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Trump Claims Iran Near Surrender Amid Houthi Threats and Global Energy Crisis

As Operation Epic Fury enters its third week, President Trump signals optimism while Iran’s proxies threaten further escalation.

March 13, 2026 at 9:45 PM

President Donald Trump reportedly told G7 leaders in a virtual meeting that Iran is on the verge of surrender, suggesting a high-level U.S. assessment that Tehran’s military and political resolve is fracturing. This optimistic outlook comes during the third week of Operation Epic Fury, even as Iran's new Supreme Leader, Mojtaba Khamenei, issued a public vow of "unrelenting war." Meanwhile, the conflict is expanding via regional proxies, with Houthi leader Abdul Malik al-Houthi signaling that his forces may move beyond protests to direct military involvement against U.S. and Israeli interests. The ongoing blockade of the Strait of Hormuz has triggered a burgeoning global energy crisis, forcing distant economies to prepare for severe disruptions. In New Zealand, officials are discussing the return of 1970s-style "car-less days" and fuel rationing as oil prices hit multi-year highs. Economists have warned that the current volatility poses a significant threat to international energy flows, with industry leaders expressing concern over the long-term viability of critical infrastructure like the Marsden Point refinery. On the military front, U.S. Central Command has dismissed claims from pro-Iran groups regarding the downing of a KC-135 tanker. Despite these denials, the IRGC has issued warnings regarding potential strikes on regional gas and oil sites should the conflict intensify. The situation remains fluid as diplomatic back-channels clash with escalating rhetoric from the 'Axis of Resistance' and the reality of a tightening global energy market.

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