Traders work on the floor of the New York Stock Exchange (NYSE), March 27, 2026, in New York. (Spencer Platt/Getty Images)
(NEW YORK) — Stocks closed significantly lower on Friday as the U.S.-Israeli war with Iran showed little sign of an imminent resolution that would end one of the worst global oil shocks in decades.
The Dow Jones Industrial Average plunged 790 points, or 1.7%, while the S&P 500 fell 1.6%. The tech-heavy Nasdaq dropped 2.1%.
The session on Friday marked the end of a woeful week for the major stock indexes. The Dow declined 1% this week, while the S&P 500 fell 2%. The Nasdaq decreased 3%.
Late Thursday, President Donald Trump postponed U.S. attacks on power plants in Iran in an apparent effort to avoid escalation of the Middle East conflict.
In a post on social media on Thursday, Trump said he was “pausing the period of Energy Plant destruction” until April 6.
In the event of such an attack, Iran has said it would carry out strikes against energy infrastructure in neighboring countries, according to Iran’s Fars News Agency state media.
Wall Street appeared to find little solace in the reprieve from large-scale tit-for-tat attacks on infrastructure.
Iran continues to blockade the Strait of Hormuz, a critical waterway for oil delivery. The strait facilitates the transport of about one-fifth of the global supply of crude oil and natural gas.
Global oil prices stood at about $113 a barrel on Friday, marking a staggering 61% rise since war with Iran began a month ago.
Fatih Birol, the executive director of the International Energy Agency (IEA), earlier this week said the current oil crisis had surpassed the combined effect of worldwide energy shocks in the 1970s.
The global economy faces a “major, major threat,” Birol said at an event in Canberra, Australia, noting that no country would be “immune to the effects of this crisis if it continues to go in this direction.”
U.S. Treasury yields climbed on Thursday, suggesting concern about economic instability and inflation stemming from the Iran war.
The yield on a 10-year Treasury bond, or the amount paid to a bondholder annually, stands at about 4.45%, marking a nearly half-percentage point jump from a month earlier.
On Friday, bond yields soared close to levels reached in the aftermath of President Donald Trump’s “Liberation Day” tariffs last April, when the 10-year Treasury yield peaked at around 4.5%.
Since bonds pay a given investor a fixed amount each year, the specter of inflation risks higher prices that would eat away at those annual payouts.
In turn, bonds often become less attractive in response to economic turmoil. When demand falls, bond yields rise.
Floyd William Parrott, 64, was arrested in connection with the 1990 murders of Cheryl Henry and Andy Atkinson, the Houston police said. (Houston Police Department)
(HOUSTON, Texas) — A man who had a history of impersonating law enforcement has been arrested in a 1990 cold case double murder known as the “Lovers’ Lane” killings, authorities said.
Floyd William Parrott, 64, is charged with capital murder for the killings of Cheryl Henry, 22, and Garland “Andy” Atkinson, 21, Houston police said.
The victims’ car was found parked in a cul-de-sac on Aug. 23, 1990, police said. Henry and Atkinson, who had been dating for a few weeks, were found near the car, according to court documents. Both of their necks were cut with knives and they were tied up with rope, documents said, and Henry was raped.
At least 100 people were looked at as potential suspects over the decades, but Parrott was not one of them, Harris County District Attorney Sean Teare said at a news conference on Friday.
In late 2025, a Houston police sergeant was looking into a tip that named Parrott, and the sergeant found a Houston police report from 1996 in which Parrott was named as the suspect in a sex assault, court documents said. Parrott claimed the sex was consensual, documents said, and a grand jury declined to indict, Teare said.
The DNA from the 1996 case was “recently placed” into CODIS, the national law enforcement DNA database, documents said, and that DNA was found to be a match to swabs from Cheryl Henry’s sexual assault exam at her autopsy.
“A June 1990 sexual assault case also had a case-to-case hit,” court documents said.
Teare said Parrott impersonated law enforcement in the late 1980s, the 1990s and the 2000s.
In May 1988, Parrott was arrested for impersonating a police officer, court documents said. He was again arrested for impersonating a police officer in May 1990, and he was out on bond when the June 1990 sex assault and the August 1990 murders occurred, court documents said.
Parrott lived in the Houston area for most of his life and left a few years ago, Teare said. He was arrested in Lincoln, Nebraska, on Wednesday and is awaiting extradition to the Harris County, police said. Investigators interviewed Parrott on Wednesday and he denied knowing Cheryl Henry, according to court documents.
“Cheryl was my best friend. We did everything together,” Henry’s younger sister Shane Henry, said at the news conference.
“Hearing that the person responsible has finally been caught does not bring her back,” she said, “… but it does bring a sense of relief knowing that justice is moving forward.”
Teare said the DA’s office believes Parrott committed “numerous different types of crimes.”
“If you recognize this individual and he pulled you over … call us,” he said.
“If you met him once, if you met him at a club, if you knew him at all, reach out,” he said.
Teare said the DA’s office can be reached at 713-274-5640.
Floyd William Parrott, 64, was arrested in connection with the 1990 murders of Cheryl Henry and Andy Atkinson, the Houston police said. (Houston Police Department)
(HOUSTON, Texas) — A man who had a history of impersonating law enforcement has been arrested in a 1990 cold case double murder known as the “Lovers’ Lane” killings, authorities said.
Floyd William Parrott, 64, is charged with capital murder for the killings of Cheryl Henry, 22, and Garland “Andy” Atkinson, 21, Houston police said.
The victims’ car was found parked in a cul-de-sac on Aug. 23, 1990, police said. Henry and Atkinson, who had been dating for a few weeks, were found near the car, according to court documents. Both of their necks were cut with knives and they were tied up with rope, documents said, and Henry was raped.
At least 100 people were looked at as potential suspects over the decades, but Parrott was not one of them, Harris County District Attorney Sean Teare said at a news conference on Friday.
In late 2025, a Houston police sergeant was looking into a tip that named Parrott, and the sergeant found a Houston police report from 1996 in which Parrott was named as the suspect in a sex assault, court documents said. Parrott claimed the sex was consensual, documents said, and a grand jury declined to indict, Teare said.
The DNA from the 1996 case was “recently placed” into CODIS, the national law enforcement DNA database, documents said, and that DNA was found to be a match to swabs from Cheryl Henry’s sexual assault exam at her autopsy.
“A June 1990 sexual assault case also had a case-to-case hit,” court documents said.
Teare said Parrott impersonated law enforcement in the late 1980s, the 1990s and the 2000s.
In May 1988, Parrott was arrested for impersonating a police officer, court documents said. He was again arrested for impersonating a police officer in May 1990, and he was out on bond when the June 1990 sex assault and the August 1990 murders occurred, court documents said.
Parrott lived in the Houston area for most of his life and left a few years ago, Teare said. He was arrested in Lincoln, Nebraska, on Wednesday and is awaiting extradition to the Harris County, police said. Investigators interviewed Parrott on Wednesday and he denied knowing Cheryl Henry, according to court documents.
“Cheryl was my best friend. We did everything together,” Henry’s younger sister Shane Henry, said at the news conference.
“Hearing that the person responsible has finally been caught does not bring her back,” she said, “… but it does bring a sense of relief knowing that justice is moving forward.”
Teare said the DA’s office believes Parrott committed “numerous different types of crimes.”
“If you recognize this individual and he pulled you over … call us,” he said.
“If you met him once, if you met him at a club, if you knew him at all, reach out,” he said.
Teare said the DA’s office can be reached at 713-274-5640.
Rep. Sheila Cherfilus-McCormick appears for a hearing of the House Ethics Committee on Capitol Hill, on March 26, 2026, in Washington, D.C. (Andrew Harnik/Getty Images)
(WASHINGTON) — A special panel of the bipartisan House Ethics Committee determined on Friday that Florida Democrat Rep. Sheila Cherfilus-McCormick was guilty of 25 ethics violations, including commingling of campaign and personal funds.
The determination came after the panel held a rare public hearing on Thursday to consider whether Cherfilus-McCormick violated House rules amid sweeping allegations of fraud against her — and a four-count federal indictment.
The panel said in a statement that deliberations in the case “lasted until well past midnight” and that they found “clear and convincing evidence” that the congresswoman was guilty of all but two of the 27 counts.
“We had a good, robust discussion on all counts, voted on all counts, and we were able to find agreement on 25 of the 27 counts,” Ethics Chairman Michael Guest, R-Miss., told ABC News on Friday morning.
The ethics violations include acceptance of improper campaign contributions, false statements, commingling of campaign and personal funds and reporting errors on financial disclosures.
The full House Ethics Committee will hold a hearing after the April congressional recess to “determine what, if any, sanction would be appropriate for the Committee to recommend.” The sanction recommendations could include censure or expulsion, which would require a two-thirds majority vote.
“There will be a sanctions hearing,” Guest said. “That date has not been set, but there will be a sanctions hearing sometime, we hope shortly after we return back from the Easter recess.”
Separately, Cherfilus-McCormick was indicted in November by a federal grand jury on charges of stealing $5 million in Federal Emergency Management Agency funds, which she is accused of laundering to support her 2021 congressional campaign.
The indictment alleges Cherfilus-McCormick, 46, and her brother Edwin Cherfilus, 51, received a $5 million overpayment in FEMA funds directed to their family health care company in connection with a contract for COVID-19 vaccination staffing in 2021.
Cherfilus-McCormick has denied any wrongdoing and pleaded not guilty to the federal criminal charges against her.
During Thursday’s hourslong hearing, lawmakers on the panel questioned Cherfilus-McCormick’s counsel and the committee’s investigative staff about the allegations against the congresswoman.
Cherfilus-McCormick did not address the committee throughout the proceedings, but she took notes and occasionally talked to her attorney.
Her attorney, William Barzee, demanded that his client receive a full hearing — allowing him to call in witnesses.
Guest pushed back on this request, saying Cherfilus-McCormick has refused to cooperate with the panel’s ongoing investigation.
Barzee acknowledged that the congresswoman “made a lot of mistakes” on financial forms.
In a statement to ABC News ahead of Thursday’s hearing, the congresswoman said: “I welcome the opportunity to set the record straight and challenge these inaccuracies, when I am legally able to do so. Make no mistake: I am innocent and I am a fighter. My district is made up of fighters. I will continue to fight for the people I was elected to serve.”
House Speaker Mike Johnson said that while he believes in “due process,” the congresswoman “has egregiously violated the law.”
“This is a very serious matter. I think even many Democrats, even members of her own party, have publicly said that the evidence is so stark … but we have to process this internally and see how this goes,” Johnson said Thursday.
The adjudicatory subcommittee that held the hearing is made up of an equal number of three Republicans and three Democrats will hear Cherfilus-McCormick’s case Thursday.
In addition to Guest, the chairman, the subcommittee is made up Democratic Rep. Mark DeSaulnier as ranking member. Democratic Reps. Sylvia Garcia, Glenn Ivey and Suhas Subramanyam and Republican Reps. Ashley Hinson, Brad Knott and Nathaniel Moran also serve on the subcommittee.
“I am deeply disappointed the Committee chose to move forward with this trial while denying my legal team reasonable time to prepare. That raises serious concerns about due process and the fundamental rights every American is entitled to under our Constitution,” the congresswoman said in a statement to ABC News.
Speaker Johnson previously deferred to the members of the House to determine whether the congresswoman should be expelled from the House. The last member to be expelled was former New York GOP Rep. George Santos over using campaign dollars for his personal enrichment in 2023 — only the sixth representative ever ousted.
“Expulsion, obviously, is effectively the political death penalty. There are occasions that meet that standard, but it’s a decision of the body to determine that,” Johnson said.
“You look at all the factors and you — you figure that out. We’ll be doing that here in this case,” Johnson said. “It seems that this member of Congress has egregiously violated the law and exploited taxpayers and all the rest, and that, that would be, it would be a harsh penalty necessary for that.”
House Minority Leader Hakeem Jeffries has promised Democrats won’t help Republicans kick her out of Congress, regardless of the ethics inquiry.
“Congresswoman Cherfilus-McCormick is entitled to the presumption of innocence, like every other American,” Jeffries told reporters on Feb. 2. “I’m a hard no as it relates to the effort to expel her, and it’s going to fail.”
The last public ethics trial occurred in 2010 when New York Democratic Rep. Charlie Rangel came before the panel. Rangel was later censured over failing to report assets on his financial disclosure forms, improperly obtaining four rent-controlled apartments in New York, and failing to disclose financial arrangements for a villa in the Dominican Republic.
Rangel maintained that he never knowingly broke any laws. “I truly believe I have not been treated fairly,” Rangel told the Ethics Committee before storming out of his hearing.
ABC News’ Justin Gomez contributed to this report.
(WASHINGTON) — House Speaker Mike Johnson on Friday flatly rejected the Senate’s bill to fund most of the Department of Homeland Security except for Immigration and Customs Enforcement and parts of Customs and Border Protection.
Johnson said House Republicans will instead plow ahead with an alternative proposal: a short-term bill to fund the entire department for 60 days, until May 22.
“This gambit that was done last night is a joke,” Johnson told reporters in a news conference.
Johnson said the House would vote on the stop-gap proposal “as soon as possible.” Lawmakers were notified that votes are expected on Friday night, though the exact timing remains unclear.
If the House succeeds, the measure will head back to the Senate, where Minority Leader Chuck Schumer has vowed that it is “dead on arrival.”
All this means the partial government shutdown, now in its 42nd day, is likely to continue.
Amid the gridlock on Capitol Hill, President Donald Trump on Friday signed a presidential memorandum directing Homeland Security Secretary Markwayne Mullin to pay TSA employees. DHS said that workers will start seeing paychecks on Monday.
President Trump, in a phone interview with Fox News on Friday afternoon, said the Senate deal on DHS “wasn’t good” and “wasn’t appropriate.”
The Senate, at 2 a.m. on Friday morning, approved a funding bill that included TSA, Federal Emergency Management Agency, the Coast Guard and the Cybersecurity and Infrastructure Security Agency.
The package did not include money for ICE or parts of CBP, though those agencies continue to receive funds due to an influx of cash provided in the so-called One Big Beautiful Bill passed by Congress last summer.
Also absent from the Senate bill are any of the reforms to ICE’s operating procedures that Democrats have been repeatedly demanding following the fatal shootings of two American citizens in Minneapolis by federal agents earlier this year.
Still, Schumer said he was proud of Democrats who “held the line” on their objection to funding ICE and CBP without reforms.
“Democrats held firm in our position that Donald Trump’s rogue and deadly militia should not get more funding without serious reforms and we will continue to fight for those reforms,” he said.
Senate Majority Leader John Thune lambasted Democrats on the floor for what he framed as their refusal to negotiate in good faith. He said Democrats could have secured some of their desired reforms if they hadn’t complicated negotiations.
“We could be standing here right now passing a funding bill with a list of reforms if the Democrats had made the smallest effort to actually reach an agreement. But they didn’t, because it’s now clear to everyone, Democrats didn’t actually want a solution, they wanted an issue, politics over policy, self-interest over reform, pandering to their base over actually solving a problem,” Thune said.
Senate Republicans vowed to work on a package later this year to approve even more funding for ICE and CBP, saying they aim to do it using reconciliation — a budget tool that, if successful, would allow them to sidestep Democratic objection and pass the bill without any Democratic support.
Republicans are already warning that that bill will be a much harsher and Sen. Eric Schmitt, R-Mo., vowed it would “supercharge deportations.”
ABC News’ Allison Pecorin and Lalee Ibssa contributed to this report.
(JUPITER ISLAND, Fla.) –Tiger Woods was involved in a rollover crash in Jupiter Island, Florida, on Friday afternoon, the Martin County Sheriff’s Office said.
His condition was not immediately clear.
ABC News has reached out to Woods’ reps for comment.
The SUV he was driving, a 2021 Genesis GV80, was found several feet away from the center divider, in an area that had a “high-frequency” of accidents, officials said at the time.
Authorities said there was no “evidence of impairment” in that crash, adding that the wreck was “purely an accident.”
Following the accident, Woods told Golf Digest in an interview that he began a rehabilitation process that included three months in a hospital-type bed in his home.
In 2017, Woods was arrested on suspicion of driving under the influence in Jupiter, Florida. An incident report at the time said that he was asleep and “had to be woken up.” Woods was later released on his own recognizance.
Woods shared a statement after the incident apologizing to his family, friends and fans.
This is a developing story. Please check back for updates.
President Donald Trump gestures as he speaks during a Cabinet meeting in the Cabinet Room of the White House, March 26, 2026 in Washington. (Chip Somodevilla/Getty Images)
(NEW YORK) — The Israel Defense Forces need “a few more weeks” to fully degrade Iranian military capabilities, such as missile-launchers, a senior Israeli security official told ABC News.
The Israeli security official poured cold water on the idea that a substantive deal between the United States and Iran could be reached within President Donald Trump’s earlier deadline of this weekend. Trump said Thursday that he was postponing plans to target Iran’s power plants until April 6 citing ongoing talks.
The Iranians “are very well-trained negotiators,” the security official said. “They won’t agree in a few days to end all the actions.”
The senior Israeli security official, who spoke to ABC News on the condition of anonymity as he was not authorized to speak to the media, said he was worried that U.S.-Iran talks could lead to a deal which does not extract significant enough concessions from the Iranians.
The Israeli security official said that if he were advising U.S. negotiators he would ask “to see actions [from the Iranians] that can be measured.”
“For example, giving [up] all the 400 kilograms of enriched uranium,” he added.
Iran has previously denied U.S. and Israeli accusations that it was enriching uranium to near weapons-grade level, with an ultimate aim of producing nuclear weapons.
The Israeli official spoke to ABC News on Tuesday, the day after Trump posted on his social media platform that there had been “very good and productive conversations” between the U.S. and Iran “regarding a complete and total resolution of our hostilities in the Middle East.”
Iranian officials have denied — at least publicly — that negotiations with the U.S. are taking place. On Wednesday, Iran’s Foreign Ministry spokesman, Esmaeil Baqaei, told Indian TV that there were “no talks or negotiations” between Iran and the United States.
“No one can trust U.S. diplomacy,” Baqaei added.
However, on Thursday a Reuters report quoted an Iranian official as saying that a U.S. proposal for ending the war was “one-sided and unfair.”
The White House said in a statement that the U.S. military had been “decimating Iran’s military capabilities with overwhelming firepower, skill, lethality, and force.”
“The United States is winning very decisively and way ahead of schedule,” a White House official said.
“We have taken major strides towards completing our military objectives, to the point that we are close to completing them,” the White House added.
On Thursday, Trump announced a further pause in plans to hit Iran’s power plants, again citing talks that he said were “going very well.”
An Israeli military official who was authorized to speak with journalists told reporters during a briefing Wednesday that the Israeli Air Force had conducted 8,500 strikes in Iran since the end of February and had destroyed some 400 Iranian ballistic missiles and 335 missile-launchers, which equated, he said, to about 70% of Iran’s overall arsenal of missile-launchers.
However, when the military official was pressed by reporters on the extent to which the IDF’s military operations and goals were outstanding in the war, he declined to give details, stressing that the U.S. and Israeli militaries were “well-coordinated” and working “shoulder-to-shoulder.”
“We are achieving more and more of our objectives,” said the military official , who is part of the IDF division that coordinates operations deep inside enemy territory.
“War is not a one bang and it’s over. It’s an ongoing machine,” he added.
The senior Israeli security official who spoke anonymously to ABC News said the speaker of Iran’s Parliament, Mohammad-Bagher Ghalibaf, was leading the talks with the Trump administration.
Ghalibaf’s apparent leading role in negotiations, which has not been confirmed by the U.S. or Iran, was first reported by Axios.
On Monday, Trump refused to confirm which senior Iranian official the U.S. was in talks with, telling reporters, “I don’t want him to be killed” and referring to the Iranian lead negotiator as “a top person.”
The senior Israeli security official described Ghalibaf, who is a former commander of the Islamic Revolutionary Guard’s Air Force, as “an extremist” and “not Mother Teresa” and told ABC News that Israel would refrain from attempting to kill Ghalibaf while the talks continue.
“He has this kind of insurance [policy] as long as he talks,” the official said, adding, “no one is secure in Iran.”
Asked by a reporter if the IDF was holding off on any attempts to kill Ghalibaf, the military official did not comment directly about Ghalibaf but stressed that, in terms of its list of targets, the IDF would accept and follow any political decisions.
Earlier this week, the Trump administration sent a 15-point plan to Iran end the war, via Pakistan, which has emerged as a key mediator, two sources familiar with the plan told ABC News Tuesday.
Those sources said the plan addresses Iran’s ballistic missile and nuclear programs as well as maritime routes but would not provide any other details including which Iranian officials the proposal was sent to. It is also unclear whether Israel has signed onto the proposal.
While diplomatic efforts continue, the Pentagon is preparing to deploy as many as 5,000 additional troops to the Middle East, with some of those forces already in transit.
The troops are a mix of U.S. Army paratroopers and Marines.
However, exactly when the troops will arrive or where they will land is not clear.
Trump has indicated that the negotiations between U.S. and Iranian officials have, in part, been focused on Iran’s control over the Strait of Hormuz.
Iran’s stranglehold over that narrow waterway, through which around a fifth of the world’s oil and gas normally passes, has caused a spike in energy prices and volatility in trading on financial markets.
The senior Israeli security official who spoke anonymously with ABC News said Israel was working on the assumption that Iran had laid naval mines in the Strait of Hormuz.
The Israeli official stressed that locating naval mines and disarming them is a “complicated” task.
“If one big oil tanker were exploded by a few naval mines, it would play havoc with markets, as well as the insurance for shipping companies, and would send the price of oil skyrocketing,” the Israeli official said.
“If Iran says they have mined the Strait of Hormuz then the basic assumption we must have as commanders … is that they have mined the Strait of Hormuz,” said the Israeli military official who briefed reporters.
In possible talks Israel wants the U.S. to press Iran to give up what remains of its enriched uranium and rein in its proxies in the region, the senior Israeli security official stressed.
That Israeli official suggested that it would not be possible to seize Iran’s enriched uranium by military force.
The two U.S. Marine Expeditionary Units which are being deployed to the Middle East, “don’t have the engineering tools” to conduct an operation to “pull out” Iran’s remaining enriched uranium from underground sites, he said.
Asked about this issue on the briefing with reporters, the military official declined to comment.
The Pentagon declined to comment about the senior Israeli official’s assessment of remaining objectives in the war and the U.S. military’s capabilities.
The White House said the war on Iran was “a conditions-based operation” and said it would conclude when the president “determines that our objectives are met.”
Shoppers visit the Tajrish Bazaar, one of Tehranâs main shopping areas. (Fatemeh Bahrami/Anadolu via Getty Images)
(NEW YORK) — A threat of U.S. attacks on power plants in Iran continues to loom over the Middle East conflict, even after Trump pushed back a self-imposed deadline for the second time.
In a post on social media on Thursday, Trump said he was “pausing the period of Energy Plant destruction” until April 6.
In the event of such an attack, Iran has said it would carry out tit-for-tat strikes against energy infrastructure in neighboring countries, according to Iran’s Fars News Agency state media.
The threatened escalation risks a humanitarian crisis for tens of millions of people in the region, potentially restricting their access to basic essentials such as electricity, food, water and health care, some analysts told ABC News.
Distress could spread to countries beyond the Gulf if dire conditions prompt residents to flee across borders and infrastructure damage worsens a global oil shock, analysts said.
“This will be bad for everybody,” Mushfiq Mobarak, a professor of economics at Yale University, told ABC News. “The most damaging effects — the largest welfare costs — will be on Iranian civilians.”
On March 21, Trump vowed to “obliterate” power plants in Iran within 48 hours unless the country eases its blockade of the Strait of Hormuz. Before the deadline arrived on Monday night in Washington, D.C., Trump posted on social media that he was postponing the ultimatum for five days, claiming “productive conversations” had been held between the U.S. and Iran.
On Thursday — one day before the new deadline was set to arrive — Trump said he would postpone the deadline for an additional 10 days.
Negotiations between the U.S. and Iran are “ongoing,” Trump claimed. Iranian officials have denied that the country is in talks with the U.S.
Meanwhile, Iran has pledged to retaliate against civilian infrastructure in nearby countries in response to an attack on its energy sites.
“Immediately after the power plants and infrastructure in our country are targeted, the critical infrastructure, energy infrastructure, and oil facilities throughout the region will be considered legitimate targets,” Iranian parliament speaker Mohammad Bagher Qalibaf said in a post on X on Sunday.
Natural gas supplies roughly 79% of electricity used in Iran, according to the International Energy Administration, a global energy policy group based in Paris, France.
The majority of the nation’s natural gas is supplied by South Pars, the largest natural gas field in the world. An Israeli attack on South Pars last week threatened severe impact in Iran and neighboring Gulf states, analysts previously told ABC News.
Potential U.S. attacks on energy infrastructure could cut off electricity access for many of the 92 million people in Iran, while at the same time discontinuing power for critical institutions like hospitals, Mobarak said.
“If hospitals lose power, that’s very dangerous,” Mobarak said.
The health care impact would come as some hospitals in the region face perilous conditions, according to the World Health Organization (WHO). Health care facilities faced a total of 13 attacks as of March 5, the WHO said, voicing concern about “health systems and lives at risk in the region.”
Attacks on civilian infrastructure in Iran could also worsen food shortages and price increases, Michael Werz, a senior fellow at the Council on Foreign Relations, told ABC News. Annual food inflation in Iran stood at 72% in December, before the war began, The Wall Street Journal reported.
Any further deterioration of food access, Werz said, could have a “massive impact.”
Potential Iranian retaliation against civilian sites threatens desperate conditions for millions of people in nearby countries Oman, Qatar, Kuwait, Saudi Arabia, the United Arab Emirates (UAE), Iraq and Israel, some analysts said.
Those countries depend in large part on water desalination plants for drinking water due to arid conditions in the region, making those facilities a major potential vulnerability, Ginger Matchett, assistant director with the GeoStrategy Initiative at the Atlantic Council’s Scowcroft Center for Strategy and Security, said in a blog post.
Desalinated drinking water accounts for at least 90% of the supply in Kuwait, Bahrain and Qatar, while Israel and Oman each depend on such plants for 80% of their drinking water, Matchett said.
“If Iran successfully destroyed the Gulf’s desalination infrastructure, then the consequences could be devastating,” Matchett added.
In early March, desalination plants in Iran and Bahrain were targeted in the fighting, and missile-related damage has also been reported at sites in Kuwait and the UAE.
Potential retaliatory attacks on oil and gas sites in the region also threaten to deepen and prolong a global oil crisis, driving up fuel costs and raising prices for essential goods worldwide, some analysts said.
Global oil prices skyrocketed in recent weeks after the war prompted closure of the Strait of Hormuz, a critical waterway for global oil and natural gas delivery. Consumers have held out hope for a reopening of the strait and a relatively speedy recovery, but facility repairs could stretch on for months and choke off fuel supply in the meantime.
Qatari authorities said last week that Iranian ballistic missile attacks caused fires and “extensive damage” at the Ras Laffan terminal, which carries about one-fifth of the global supply of liquid natural gas. An Iranian missile attack struck oil refineries last week in Haifa, Israel, where fire brigades extinguished a fire that broke out at the site, Israel Fire and Rescue said.
The Philippines has declared a national energy emergency in response to the U.S.-Israeli war with Iran, while South Korea has called on residents to ride bicycles for short trips and reduce the length of showers. Thailand and Vietnam have also asked citizens to take steps to curtail energy use.
Roughly 80% of the oil that typically passes through the strait is bound for Asian markets, according to the IEA. Still, the oil shock will raise gas prices worldwide, since energy is sold on a global market, Mobarak said.
“This will have effects for gas consumers across the world,” he added.
In this May 15, 2025, file photo, Nerdeen Kiswani speaks at a Nakba day protest in Brooklyn, New York. (Alexi Rosenfeld/Getty Images, FILE)
(NEW YORK) — The NYPD and the FBI said they have disrupted an alleged plot to kill a Palestinian activist, according to law enforcement officials and unsealed court documents.
Authorities arrested Alexander Heifler in Hoboken on Thursday night on charges of unlawfully possessing and unlawfully making firearms. He is also accused of plotting to “go after” activist Nerdeen Kiswani, co-founder of Within Our Lifetime, who is an organizer of many of the pro-Palestinian protests in New York City.
Kiswani is not identified by name in the criminal complaint, but she posted on social media the FBI informed her she was the alleged target.
This is a developing story. Please check back for updates.
Federal Bureau of Investigation Director Kash Patel testifies during a Senate Intelligence Committee hearing on worldwide threats in the Hart Senate Office Building on March 18, 2026 in Washington, DC. (Kevin Dietsch/Getty Images)
(WASHINGTON) — Hackers breached FBI Director Kash Patel’s personal email, according to sources familiar with the situation.
The majority of the emails were from prior to 2019, according to sources, and appear to be from before his tenure at the FBI. There were a few emails from 2022, sources told ABC News.
“The FBI is aware of malicious actors targeting Director Patel’s personal email information, and we have taken all necessary steps to mitigate potential risks associated with this activity. The information in question is historical in nature and involves no government information,” the FBI said in a statement Friday.
It is unclear which country hacked the director’s old emails, however, Iranian-linked hackers online have claimed credit for the hack.
“The Department of State’s Rewards for Justice program offers up to a $10 million reward for information leading to the identification of the Handala Hack Team out of Iran — a group that has frequently targeted U.S. government officials,” the FBI said.
Reuters was the first to report the breach.
This is a developing story. Please check back for updates.
