US President Donald Trump said on Friday American forces had destroyed military targets on Iran’s Kharg Island, Tehran’s main oil export terminal, while warning he could also target the island’s petroleum infrastructure if Iran or its allies continue threatening shipping through the Strait of Hormuz, sending fresh tremors through oil markets.
Iran’s new Supreme Leader, Ayatollah Sayyid Mojtaba Khamenei, has signalled that Tehran intends to continue using the threat of closing the Strait of Hormuz as a key strategic lever in the ongoing conflict.
Bahrain's Ministry of Interior has said that the Iranian aggression targeted fuel tanks at a facility in the Muharraq Governorate. Authorities concerned are taking the required steps, it said.
In the Strait of Hormuz, hundreds of ships appear on maps where they should not exist. GPS signals that tankers rely on to navigate safely are being scrambled, revealing a new battlefield of invisible electronic warfare. What was once a tool for convenience has become a potential hazard, says an expert.
Iran continued its attacks on civilian and economic infrastructure across the Gulf on Wednesday, showing no respite in the ongoing Middle East conflict as regional air defence systems intercepted waves of drones, ballistic missiles and other aerial threats targeting key cities, airports and energy facilities.
Markets are already beginning to trade as if the Iran conflict will de-escalate — even though there is no formal resolution yet, says the CEO of one of the world’s largest independent financial advisory and asset management organisations.
Bahrain's Crown Prince and Prime Minister His Royal Highness Prince Salman bin Hamad Al Khalifa has said that hostile Iranian strikes targeting residential areas, civilian infrastructure, energy facilities and water desalination plants are blatant violations of international law and international humanitarian law.
US President Donald Trump on Monday that the war against Iran could end soon, but threatened to escalate if Iran blocked oil shipments from the Middle East.
Global oil prices fell sharply on Tuesday after surging to their highest levels in more than three years in the previous session, as signals of possible diplomatic progress in the Middle East eased fears of prolonged supply disruptions.
Aramco warned the Strait of Hormuz disruption from the Iran war could have “catastrophic consequences” for global oil markets and trigger ripple effects across shipping, insurance, aviation, agriculture and automotive industries.
