The Japan Times - Cargo vessels hit as Iran threatens to close Gulf oil chokepoint

EUR -
AED 4.302619
AFN 72.638318
ALL 95.603094
AMD 431.878807
ANG 2.097662
AOA 1075.507446
ARS 1630.8359
AUD 1.615579
AWG 2.110304
AZN 1.99945
BAM 1.956238
BBD 2.359669
BDT 143.812209
BGN 1.95644
BHD 0.441978
BIF 3486.028541
BMD 1.171577
BND 1.490921
BOB 8.096055
BRL 5.888817
BSD 1.171582
BTN 112.066143
BWP 15.783006
BYN 3.264603
BYR 22962.916957
BZD 2.356308
CAD 1.60594
CDF 2625.505158
CHF 0.91581
CLF 0.026408
CLP 1039.329512
CNY 7.956124
CNH 7.950219
COP 4445.398123
CRC 533.328553
CUC 1.171577
CUP 31.046801
CVE 110.655135
CZK 24.327919
DJF 208.212632
DKK 7.472548
DOP 69.416143
DZD 155.118147
EGP 61.994247
ERN 17.573661
ETB 184.376952
FJD 2.560893
FKP 0.866041
GBP 0.866089
GEL 3.139424
GGP 0.866041
GHS 13.242448
GIP 0.866041
GMD 85.525666
GNF 10283.522856
GTQ 8.938002
GYD 245.111173
HKD 9.172924
HNL 31.1758
HRK 7.533714
HTG 153.009493
HUF 358.229119
IDR 20516.663355
ILS 3.410104
IMP 0.866041
INR 112.115446
IQD 1534.766388
IRR 1538281.120455
ISK 143.612268
JEP 0.866041
JMD 185.285963
JOD 0.830666
JPY 184.939933
KES 151.344328
KGS 102.454005
KHR 4699.197143
KMF 493.234395
KPW 1054.43934
KRW 1745.468735
KWD 0.361116
KYD 0.976348
KZT 549.878462
LAK 25716.123453
LBP 105150.026727
LKR 380.231651
LRD 214.57466
LSL 19.226057
LTL 3.459363
LVL 0.708675
LYD 7.410193
MAD 10.747758
MDL 20.0931
MGA 4891.33573
MKD 61.635919
MMK 2459.473576
MNT 4193.865493
MOP 9.450699
MRU 46.863218
MUR 54.84144
MVR 18.053649
MWK 2040.295627
MXN 20.113167
MYR 4.599628
MZN 74.860808
NAD 19.225688
NGN 1605.623002
NIO 43.002772
NOK 10.739627
NPR 179.312517
NZD 1.975525
OMR 0.450414
PAB 1.171602
PEN 4.016757
PGK 5.108019
PHP 71.952469
PKR 326.382702
PLN 4.2477
PYG 7164.604642
QAR 4.268647
RON 5.208363
RSD 117.382677
RUB 86.904361
RWF 1710.502998
SAR 4.402872
SBD 9.410412
SCR 16.330594
SDG 703.542135
SEK 10.926465
SGD 1.490557
SHP 0.874701
SLE 28.823398
SLL 24567.394667
SOS 669.559557
SRD 43.575646
STD 24249.286687
STN 24.89602
SVC 10.251296
SYP 129.551813
SZL 19.313411
THB 37.889169
TJS 10.971838
TMT 4.112237
TND 3.374732
TOP 2.820877
TRY 53.230856
TTD 7.948916
TWD 36.980249
TZS 3043.348516
UAH 51.5192
UGX 4393.058898
USD 1.171577
UYU 46.541218
UZS 14150.311878
VES 595.237083
VND 30868.721224
VUV 138.221382
WST 3.166467
XAF 656.120751
XAG 0.013399
XAU 0.00025
XCD 3.166246
XCG 2.111455
XDR 0.81421
XOF 654.332389
XPF 119.331742
YER 279.567675
ZAR 19.234782
ZMK 10545.588979
ZMW 22.113613
ZWL 377.247443
  • RBGPF

    0.0000

    61

    0%

  • BCC

    -0.9500

    66.98

    -1.42%

  • CMSD

    -0.0400

    23.56

    -0.17%

  • NGG

    -0.2600

    86.98

    -0.3%

  • CMSC

    -0.0600

    23.05

    -0.26%

  • VOD

    0.4150

    15.51

    +2.68%

  • RYCEF

    -0.0800

    16

    -0.5%

  • BCE

    -0.0800

    24.39

    -0.33%

  • RIO

    2.5400

    112.04

    +2.27%

  • RELX

    -1.1500

    31.62

    -3.64%

  • JRI

    -0.0100

    13.13

    -0.08%

  • BP

    -0.2600

    44.14

    -0.59%

  • AZN

    3.1800

    187.72

    +1.69%

  • GSK

    0.0900

    50.99

    +0.18%

  • BTI

    1.7100

    65.35

    +2.62%

Cargo vessels hit as Iran threatens to close Gulf oil chokepoint
Cargo vessels hit as Iran threatens to close Gulf oil chokepoint / Photo: - - US Central Command (CENTCOM)/AFP

Cargo vessels hit as Iran threatens to close Gulf oil chokepoint

Three commercial ships took fire in the Gulf on Wednesday as Iran launched strikes against its oil-exporting neighbours, threatening shipping in the Strait of Hormuz and plunging the global energy economy into crisis.

Text size:

Oil prices have surged and markets have see-sawed since the ends of last month, when the United States and Israel attacked Iran, killed its supreme leader and plunged the Middle East into war.

As the conflict entered its 12th day, all eyes were on the vital sea lane.

The leaders of the G7 powers were to hold a video meeting later in the day to discuss opening their strategic petroleum reserves to counter the rising prices. Ahead of the talks, the group's energy ministers said they "stand ready to take all necessary measures".

Analysts say a prolonged closure of the Strait of Hormuz, which carries 20 percent of world oil and gas supplies and a third of its fertiliser for food production, would have a devastating effect on the economy, particularly in Asia and Europe.

On Tuesday, the Pentagon said US forces had carried out strikes that destroyed 16 mine-laying vessels that could have been used to attack or deter traffic in the strait, but attacks with drones or missiles continued on Wednesday with at least three ships hit.

- Airport hit -

According to the UK maritime security centre the crew of a cargo vessel in the Strait of Hormuz north of Iran was forced to evacuate when an "unidentified projectile" caused a fire on board.

Separately a bulk carrier and a container ship were hit in the Gulf off the United Arab Emirates.

"If for any reason mines were placed, and they are not removed forthwith, the military consequences to Iran will be at a level never seen before," US President Donald Trump posted on social media.

On shore, drones fell near Dubai airport, injuring four people, the city's government said.

Trump has said the US Navy could accompany tankers through the strait, but his administration acknowledged that a post by his energy secretary which briefly reassured markets by announcing a first such escort was untrue.

And experts were dubious about whether naval escorts would be enough to reopen Hormuz to trade.

"Any escort mission would likely face persistent threats from Iranian missiles and drones, and the security risks alone could make a single transit through the strait more costly than the profit margin on the oil shipment itself," the Soufan Center think tank said, in a briefing note.

"Experts estimate that Iran's naval mine stockpile sits anywhere from 2,000 to 6,000 mines, which would further complicate any naval plan to escort commercial tankers," it said.

- 'Not seeking ceasefire' -

The Israeli-US attacks came weeks after Iranian authorities ruthlessly crushed mass protests, although the United States and Israel say they are not necessarily seeking to topple the Islamic republic.

Iranian authorities warned against dissent at home, with the country's police chief saying protesters would be viewed and dealt with as "enemies".

"All our forces are also ready, with their hands on the trigger, prepared to defend their revolution," national police chief Ahmad-Reza Radan said, in comments aired by IRIB.

Iran's parliamentary speaker Mohammad Bagher Ghalibaf, a former top commander in the elite Revolutionary Guards, said in an English-language social media post: "Certainly we aren't seeking a ceasefire."

In Iran, ordinary people were doing the best they could to adapt to living under frequent US-Israeli strikes.

"We've put our faith in God. For now, there's food in the shops; every day I go to buy greens and bread, that's all," Tehran resident Mahvash, 70, told AFP journalists in Paris.

"People are calm," said another resident. "They are getting used to living despite everything and adapting -- as best they can -- to this situation."

- Ayatollah 'safe and sound' -

The United States and Israel launched the war on February 28 with an attack that killed Iran's veteran leader, Ayatollah Ali Khamenei.

His son Mojtaba Khamenei has been named his successor, though he has yet to appear in public, amid reports that he has been wounded.

"I heard news that Mr Mojtaba Khamenei had been injured. I have asked some friends who had connections. They told me that, thank God, he is safe and sound," said Yousef Pezeshkian, son of Iran's president, in a post.

Iran's health ministry said on March 8 that more than 1,200 people had been killed in US and Israeli strikes, and more than 10,000 civilians injured. AFP was not in a position to independently verify the figures.

Iraq and Lebanon, both home to Iran-backed fighters, have become proxy grounds in the war.

In Iraq, Iranian-linked groups said Tuesday that five of their fighters died in strikes they blamed on the United States.

In Lebanon, hundreds of people have been killed and hundreds of thousands have fled their homes following Israeli airstrikes and ground operations targeting Iran-backed Hezbollah.

New Israeli strikes were reported in Beirut's southern suburbs on Wednesday, with the health ministry saying another five people had been killed in the southern town of Qana.

burs-dc/ser

T.Ikeda--JT