“Get ready for oil to be $200 a barrel," a spokesman for the Iranian Army warned the world on Wednesday (11 March), as attacks on ships in the Strait of Hormuz escalated. Meanwhile, 32 countries agreed to the largest ever release of oil reserves in an attempt to reduce prices.
Iranian Army Spokesman, Ebrahim Zolfaqri, warned the world to prepare for oil to climb to $200 a barrel on Wednesday. In words directed at Washington, he added: "The oil price depends on regional security, which you have destabilised."
His remarks came as three ships were reportedly struck in the critical Strait of Hormuz sea passage, including the Thai-flagged Mayuree Naree, which was seen smoking after being struck by an object.
Nations belonging to the International Energy Agency agreed to release 400 million barrels of oil in efforts aimed at bringing down the price of crude oil, which has soared since conflict broke out between Iran, the U.S. and Israel.
The proposed discharge is in excess of the 182 million barrels of oil that IEA nations put onto the market in two stages in 2022, after Russia’s invasion of Ukraine.
Iran’s President Masoud Pezeshian told Iranian news agency ISNA that Mojtaba Khamenei was in good health, despite earlier reports he had been injured during U.S.Israel airstrikes.
Earlier, an unnamed Iranian official told Reuters that the 56-year-old Supreme Leader was ‘lightly injured but continuing to operate’.
During a visit to Azerbaijan on Wednesday, President of the EU Council Antonio Costa said he “condemned in the strongest terms” the recent Iranian attack on Nakhchivan Airport.
Speaking at a press conference with Azerbaijani President Ilham Aliyev, Costa added: “The European Union remains committed to working with all partners through dialogue and diplomacy to de-escalate tensions and protect civilians.”
A player from the Iranian women’s team has decided to go back to Iran, despite being granted a humanitarian visa in Australia.
The player was among five members of the team who sought asylum in Australia, after they were labelled “traitors” by Iranian state media for refusing to sing the Iranian national anthem at the start of a Women’s Asian Cup game last week.
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The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s Eastern Province.
Yemen’s Houthis have claimed responsibility for the recent drone and missile strikes on Saudi Aramco facilities in Dhahran and Riyadh and at King Khalid International Airport in Saudi Arabia, vowing to carry out more attacks in the coming days.
Ukraine's soldiers have had their access to Starlink satellite internet restricted. Kyiv's troops use the terminals, made by Elon Musk's SpaceX, to pilot drones. A source in Ukraine's Defence Ministry said the restrictions would make it harder for Kyiv's army to down Russian drones.
The U.S. has banned government employees working in Saudi Arabia from using airports in the country without special authorisation. It comes after a deadly Houthi strike on Riyadh's King Khalid International Airport killed at least 13 people last week.
Ukraine is set to restart attacks on Russian oil refineries following a two-day pause, President Volodymyr Zelenskyy said, amid growing tensions with Washington over energy strikes and U.S. military support.
Iran says it is progressing with the reconstruction of civilian areas, including residential and industrial units, that were bombed in Israeli-U.S. attacks.
The U.S. has banned government employees working in Saudi Arabia from using airports in the country without special authorisation. It comes after a deadly Houthi strike on Riyadh's King Khalid International Airport killed at least 13 people last week.
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s Eastern Province.
Türkiye says talks with Washington are continuing over six F-35 fighter jets it purchased but never received, as Ankara pushes for the lifting of U.S. sanctions on its defence industry.
Uzbekistan's freight volumes along the Middle Corridor have doubled in five years, highlighting the growing importance of Azerbaijan and the Port of Baku as key links in its trade routes to Europe.
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