The China Mail - New Iranian leader vows revenge, keeps oil shipping route shut

USD -
AED 3.673099
AFN 62.501933
ALL 83.129871
AMD 377.43981
ANG 1.789731
AOA 916.999906
ARS 1395.475798
AUD 1.411602
AWG 1.80125
AZN 1.701138
BAM 1.694199
BBD 2.016199
BDT 122.837565
BGN 1.647646
BHD 0.377573
BIF 2974
BMD 1
BND 1.276166
BOB 6.917163
BRL 5.2196
BSD 1.00104
BTN 92.213603
BWP 13.49469
BYN 2.951217
BYR 19600
BZD 2.013349
CAD 1.36251
CDF 2178.000368
CHF 0.784497
CLF 0.023028
CLP 909.319633
CNY 6.868962
CNH 6.88059
COP 3693
CRC 471.846847
CUC 1
CUP 26.5
CVE 95.624974
CZK 21.21975
DJF 177.720168
DKK 6.48655
DOP 61.000134
DZD 131.854997
EGP 52.3415
ERN 15
ETB 156.396346
EUR 0.86808
FJD 2.210502
FKP 0.746092
GBP 0.74886
GEL 2.714986
GGP 0.746092
GHS 10.835004
GIP 0.746092
GMD 73.500646
GNF 8775.000528
GTQ 7.676181
GYD 209.435286
HKD 7.82726
HNL 26.56981
HRK 6.5401
HTG 131.124962
HUF 339.48298
IDR 16908
ILS 3.13271
IMP 0.746092
INR 92.3473
IQD 1310
IRR 1321774.999744
ISK 125.339943
JEP 0.746092
JMD 156.677437
JOD 0.708983
JPY 159.370973
KES 129.202443
KGS 87.450164
KHR 4020.000077
KMF 425.999854
KPW 900.033195
KRW 1490.086468
KWD 0.307039
KYD 0.834214
KZT 489.986487
LAK 21434.999769
LBP 89550.000135
LKR 311.234699
LRD 183.294046
LSL 16.469476
LTL 2.95274
LVL 0.60489
LYD 6.355011
MAD 9.365021
MDL 17.383357
MGA 4169.999871
MKD 53.494568
MMK 2100.020186
MNT 3570.143099
MOP 8.070343
MRU 40.119536
MUR 45.909746
MVR 15.4603
MWK 1736.999533
MXN 17.824435
MYR 3.926953
MZN 63.903789
NAD 16.470373
NGN 1392.580266
NIO 36.719754
NOK 9.704555
NPR 147.541765
NZD 1.70764
OMR 0.384505
PAB 1.001066
PEN 3.418501
PGK 4.30075
PHP 59.460005
PKR 279.50406
PLN 3.70875
PYG 6481.288981
QAR 3.641098
RON 4.421506
RSD 101.932978
RUB 79.499703
RWF 1459
SAR 3.752527
SBD 8.045182
SCR 15.133526
SDG 600.999671
SEK 9.34367
SGD 1.278505
SHP 0.750259
SLE 24.592016
SLL 20969.49935
SOS 571.497928
SRD 37.366503
STD 20697.981008
STN 21.5
SVC 8.759377
SYP 110.877339
SZL 16.480252
THB 32.146995
TJS 9.595243
TMT 3.5
TND 2.92375
TOP 2.40776
TRY 44.114599
TTD 6.793139
TWD 31.859803
TZS 2599.999792
UAH 44.324249
UGX 3747.401247
UYU 40.028759
UZS 12155.000008
VES 437.65724
VND 26275
VUV 119.598123
WST 2.714424
XAF 568.215936
XAG 0.011762
XAU 0.000196
XCD 2.70255
XCG 1.804188
XDR 0.705783
XOF 562.501184
XPF 103.397922
YER 238.601099
ZAR 16.777103
ZMK 9001.198387
ZMW 19.446021
ZWL 321.999592
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    -0.0550

    23.185

    -0.24%

  • NGG

    1.3850

    91.075

    +1.52%

  • RYCEF

    -0.5500

    16.95

    -3.24%

  • BCE

    -0.1800

    25.71

    -0.7%

  • BCC

    -2.1000

    69.8

    -3.01%

  • JRI

    0.0900

    12.94

    +0.7%

  • CMSD

    -0.0100

    23.14

    -0.04%

  • VOD

    -0.0700

    14.33

    -0.49%

  • RELX

    -0.3050

    34.455

    -0.89%

  • RIO

    -0.7540

    91.326

    -0.83%

  • BTI

    0.7450

    59.905

    +1.24%

  • AZN

    -1.9600

    191.35

    -1.02%

  • BP

    0.6950

    42.255

    +1.64%

  • GSK

    -0.9300

    54.22

    -1.72%

New Iranian leader vows revenge, keeps oil shipping route shut
New Iranian leader vows revenge, keeps oil shipping route shut / Photo: © AFP

New Iranian leader vows revenge, keeps oil shipping route shut

Iran's new supreme leader ordered his forces to keep the vital Strait of Hormuz shipping lane shut on Thursday, as Tehran launched more devastating attacks on Gulf energy targets that sent global oil prices soaring.

Text size:

The International Energy Agency warned the Middle East war could lead to to "the largest supply disruption" in history but US President Donald Trump said stopping the Islamic republic's "evil empire" was more important than crude prices.

Ayatollah Mojtaba Khamenei, who was reportedly injured in an air strike, has yet to appear publicly since his nomination last Sunday as supreme leader, and his defiant first message was read by a newscaster on state television.

Khamenei, whose father and predecessor Ali Khamenei was killed in the first wave of US-Israeli attacks at the start of the war, called for Gulf countries to close their US military bases and vowed to avenge "the blood of our children and grandchildren".

"The lever of blocking the Strait of Hormuz must definitely be used," Khamenei said of the waterway through which a quarter of the world's seaborne oil trade usually transits.

The Revolutionary Guards reacted swiftly, with the force's navy commander Alireza Tangsiri saying: "In response to the order of the commander-in-chief, we will deliver the harshest blows to the aggressor enemy while maintaining the strategy of closing the Strait of Hormuz."

Under attack from Iran, shipping in and around Hormuz has been at a near-standstill for days, with another three vessels targeted in the Gulf off the coast of the United Arab Emirates and Iraq.

Trump has faced intense political pressure as the global economic fallout of the crisis has mounted, and he has given repeated mixed messages on when the US air campaign might end.

As oil prices spiked above $100 a barrel, Trump wrote on social media that "of far greater interest and importance to me, as President, is stoping an evil Empire, Iran, from having Nuclear Weapons, and destroying the Middle East and, indeed, the World."

- Vessels attacked -

Gulf states have borne the brunt of retaliatory attacks from Iran.

Images from Bahrain on Thursday showed thick smoke rising after a strike on fuel tanks in Muharraq, with residents told to stay inside and close their windows.

Drones caused damage again at Kuwait's international airport and in downtown Dubai, while Saudi Arabia said it had intercepted drones headed towards its Shaybah oil field and its embassy district.

The Paris-based IEA, a world authority on energy markets, warned Thursday the 13-day conflict "is creating the largest supply disruption in the history of the global oil market", which would surpass those of the 1970s.

With Gulf states slashing production and oil tankers stuck in the Gulf, benchmark oil prices have risen 40-50 percent since the US and Israel attacked Iran on February 28, threatening to crimp growth and stoke inflation.

- 'War of attrition' -

The Strait of Hormuz, which also normally sees the transit of a fifth of the world's liquefied natural gas (LNG) passes, lies off Iran and is just 54 kilometres (34 miles) wide at its narrowest point.

Tehran has vowed that not one litre of oil will be exported from the Gulf while US-Israeli attacks continue, although industry figures suggest its own sanction-hit exports are continuing to get through.

Iran's deputy foreign minister told AFP that ships from "some countries" were being allowed to cross the strait, without giving details, and denied reports that Iran was laying mines in the waterway.

"We want to see that war is not going to be imposed again on Iran," Majid Takht-Ravanchi said in an interview in Tehran.

"If the White House imagines the conflict will stop when Donald Trump decides it... they're making a mistake and ignoring the lessons of history," Pierre Razoux, director of studies at the Mediterranean Foundation for Strategic Studies, told AFP.

"The Iranian regime, which no longer has anything to lose, will wage a war of attrition against the United States and Israel to punish them for their aggression."

Iranian security forces have also warned government opponents against taking to the streets in protest, saying they would be considered as "enemies".

One Tehran resident hoping for the fall of the Islamic republic told AFP she was worried about the US and Israel calling off their air campaign despite her fears about the daily bombardment.

"I don't know what will happen to us mentally and emotionally if it doesn't work out this time," she told AFP on condition of anonymity.

- 'Expanding' attacks on Lebanon -

The conflict has spread across the region, with Lebanese authorities reporting 687 people killed by Israeli strikes, including at least eight more who died on Beirut's blood-stained seafront where displaced families were camping in tents.

After the Iran-backed Hezbollah group announced a new operation against Israel on Wednesday, Israeli Defence Minister Israel Katz said he was ordering troops to "prepare for expanding" attacks on Lebanon.

In Iran, over three million people have been displaced by the war, according to new figures issued Thursday by the UN's refugee agency.

Iran's health ministry said on March 8 that more than 1,200 people have been killed in the war, a figure AFP has not been able to independently verify.

In Israel, authorities said 14 people have been killed, while attacks in the Gulf have killed 24 people, including 11 civilians and seven US military personnel, according to local authorities and the US Central Command.

burs-dt/ser

L.Johnson--ThChM