US President Donald Trump has revealed that he is close to deciding on a massive new attack against Iran, signaling a major escalation in the ongoing conflict. The United States has now carried out strikes on Iranian military targets for the 13th consecutive night, while Iran continues retaliatory attacks across the Gulf region.

As tensions rise, oil prices have crossed $100 per barrel, raising fears of a global energy shock. Trump also warned that the US would use frozen Iranian assets to compensate for damage caused to ships and cargo in the Gulf, while directly blaming Iran for Houthi attacks on Saudi oil tankers in the Red Sea.

Trump preparing massive Iran strike? | Gulf war escalates, oil prices hit new highs | US- Iran War 

Over the weekend, mourners attending the funeral of Iran’s slain Supreme Leader, Ayatollah Ali Khamenei, chanted slogans calling for Donald Trump’s death. A banner reading ‘We Will Kill Trump’ was displayed on Imam Reza Street in Mashhad during the funeral procession of Khamemei.

‘Bomb them like never seen before’: Trump says he’s left orders to strike Iran if he is assassinated

Another round of US-Iran talks is expected next week, likely in Switzerland, Axios reported, citing a source.

Trump claims Iran asked to resume talks and US agreed, but reaffirms 'ceasefire is OVER'

US President Trump warned Iran of intensifying military strikes if ship attacks continue, following fresh US retaliatory bombings across Iran's southern coast and subsequent Iranian threats of severe punishment.

‘It will get much worse’: Trump threatens stronger US bombing if Iran attacks ships again

Iran's President Ebrahim Raisi had vowed to take revenge against Trump over Soleimani's killing. Iran released an animated video of former US President Donald Trump being targeted by a drone on a golf course. The video was showcased on Iran's supreme leader Ayatollah Ali Khamenei's offcial site.

Iran's mock video of drone strike on Donald Trump