Oil prices fall as Iran vows retaliation over U.S. sanctions
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
Iran should continue “blocking the Strait of Hormuz,” while the U.S. should “shut” its Middle East military bases, new Iranian Supreme Leader, Mojtaba Khamenei, said on Thursday in his first speech since being elected. He is still yet to appear in public, and a broadcaster read out his words.
Four days after Mojtaba Khamenei was announced as Iran’s new Supreme Leader, the 56-year-old son of former Supreme Leader Ali Khamenei finally broke his silence. In a written statement that was read out on Iranian state television, Khamenei gave his backing to the continued blocking of the Strait of Hormuz and demanded the U.S. close its regional military bases.
Khamenei also paid tribute to his father who was killed in U.S.-Israeli air strikes on February 28, as well as Iranians who have died in fighting since. “We will not forgo revenge for the blood of your martyrs,” he said.
At least five ships have now been targeted in the Strait of Hormuz, as Iran persists in its attempt to stop marine traffic moving through the sea passage.
Boats with explosives, believed to be Iranian, attacked two fuel tankers in Iraqi waters on Wednesday (11 March), killing one crew member. Meanwhile, Türkiye said on Thursday that 15 vessels from the country remained stranded in the Strait of Hormuz.
Tehran’s Sports Minister Ahmad Donyamali announced on Wednesday that the Iranian men’s football team would be withdrawing from the tournament set to take place in the U.S., as well as Canada and Mexico, later this year.
Speaking on state television, Donyamali said the U.S.’s assassination of former Supreme Leader Ali Khamenei meant Iran could “under no circumstances” participate in the FIFA event.
Global internet monitoring organisation NetBlocks said that Iran’s internet shutdown had entered its 13th day. The London-based independent digital rights watchdog said the blackout was one of the longest ever recorded.
Citibank announced it was closing branches in the United Arab Emirates until 14 March as a precautionary measure on Thursday.
Bloomberg meanwhile has told staff based in the Gulf, including its regional headquarters in Dubai, that they can temporarily relocate and work elsewhere.
Iran has repeatedly launched missile and drone attacks on the Gulf states since the U.S. and Israel first struck Tehran 13 days ago.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Türkiye has established four sub-commissions to oversee the implementation of a new legal framework tied to the disarmament of the outlawed Kurdistan Workers’ Party (PKK).
Central Asia is moving beyond experiments with digital assets as governments begin putting new forms of digital money into practice.
Parents in Gaza are being urged to stop their children flying kites after Israel threatened tougher military action over those drifting across the border.
Armenia is “free” to leave the Collective Security Treaty Organisation (CSTO), Kremlin Spokesperson Dmitry Peskov has said. He made the remarks after Armenian Prime Minister Nikol Pashinyan said he would be “very pleased” if the Russian-led military alliance expelled Armenia.
Armenia’s Anti-Corruption Committee has disclosed details of a criminal case involving former President Robert Kocharyan, saying he and five other people - including his son - have been detained as part of a corruption investigation.
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