The Japan Times - Iran warns of 'zero restraint' amid heightened gas and oil attacks

EUR -
AED 4.321909
AFN 75.902
ALL 95.771107
AMD 434.467785
ANG 2.106391
AOA 1080.330027
ARS 1642.274312
AUD 1.625962
AWG 2.118295
AZN 1.985882
BAM 1.96238
BBD 2.377953
BDT 144.865714
BGN 1.963074
BHD 0.445872
BIF 3513.892011
BMD 1.176831
BND 1.494673
BOB 8.158284
BRL 5.796837
BSD 1.180659
BTN 111.287441
BWP 15.808002
BYN 3.336559
BYR 23065.882674
BZD 2.374541
CAD 1.605985
CDF 2725.54041
CHF 0.915221
CLF 0.026641
CLP 1048.521452
CNY 8.008392
CNH 8.002473
COP 4400.052486
CRC 541.588257
CUC 1.176831
CUP 31.186015
CVE 110.63689
CZK 24.298083
DJF 210.243129
DKK 7.472605
DOP 70.211831
DZD 155.647877
EGP 62.040143
ERN 17.652461
ETB 184.342777
FJD 2.57014
FKP 0.86476
GBP 0.864176
GEL 3.153737
GGP 0.86476
GHS 13.282534
GIP 0.86476
GMD 85.908987
GNF 10361.476442
GTQ 9.015457
GYD 247.018217
HKD 9.214544
HNL 31.386969
HRK 7.538657
HTG 154.634526
HUF 355.073961
IDR 20429.781797
ILS 3.419051
IMP 0.86476
INR 111.146603
IQD 1546.685821
IRR 1545061.090179
ISK 143.796851
JEP 0.86476
JMD 185.96351
JOD 0.834342
JPY 184.35583
KES 151.987652
KGS 102.879134
KHR 4735.676856
KMF 493.092378
KPW 1059.089938
KRW 1725.280964
KWD 0.361998
KYD 0.983899
KZT 546.773254
LAK 25909.651267
LBP 105366.039227
LKR 380.181465
LRD 216.662884
LSL 19.263123
LTL 3.474875
LVL 0.711853
LYD 7.467976
MAD 10.82119
MDL 20.312934
MGA 4902.165513
MKD 61.626661
MMK 2470.881826
MNT 4211.762597
MOP 9.52313
MRU 47.236169
MUR 55.099474
MVR 18.187949
MWK 2047.150739
MXN 20.28109
MYR 4.611415
MZN 75.198752
NAD 19.263287
NGN 1601.972297
NIO 43.445112
NOK 10.868008
NPR 178.045885
NZD 1.972016
OMR 0.452493
PAB 1.180659
PEN 4.089512
PGK 5.137987
PHP 71.222983
PKR 328.964472
PLN 4.2283
PYG 7226.166922
QAR 4.303639
RON 5.239285
RSD 117.378579
RUB 87.440025
RWF 1730.903477
SAR 4.448625
SBD 9.452608
SCR 16.208029
SDG 706.681291
SEK 10.842374
SGD 1.491351
SHP 0.878623
SLE 28.948494
SLL 24677.547872
SOS 674.762384
SRD 44.049995
STD 24358.020485
STN 24.581269
SVC 10.330637
SYP 130.091513
SZL 19.257568
THB 37.882439
TJS 11.033723
TMT 4.130676
TND 3.42477
TOP 2.833526
TRY 53.386632
TTD 7.986779
TWD 36.903646
TZS 3065.225138
UAH 51.696576
UGX 4415.805578
USD 1.176831
UYU 47.210295
UZS 14306.969264
VES 583.95408
VND 30962.416997
VUV 138.896796
WST 3.182259
XAF 658.127258
XAG 0.014651
XAU 0.000249
XCD 3.180444
XCG 2.127834
XDR 0.818499
XOF 658.163731
XPF 119.331742
YER 280.790888
ZAR 19.301631
ZMK 10592.883433
ZMW 22.491219
ZWL 378.939021
  • RBGPF

    0.0000

    63.18

    0%

  • CMSC

    -0.0400

    22.97

    -0.17%

  • CMSD

    0.0000

    23.42

    0%

  • BCE

    0.3400

    24.57

    +1.38%

  • GSK

    -0.0300

    50.5

    -0.06%

  • RYCEF

    -0.0500

    17.45

    -0.29%

  • NGG

    -1.9400

    85.91

    -2.26%

  • BCC

    -1.4800

    72.76

    -2.03%

  • RIO

    -2.4000

    103.11

    -2.33%

  • RELX

    -1.5900

    34.16

    -4.65%

  • VOD

    -0.4400

    15.69

    -2.8%

  • AZN

    -2.4000

    182.52

    -1.31%

  • JRI

    -0.0200

    13.15

    -0.15%

  • BP

    -0.8200

    43.81

    -1.87%

  • BTI

    -1.4800

    58.08

    -2.55%

Iran warns of 'zero restraint' amid heightened gas and oil attacks

Iran warns of 'zero restraint' amid heightened gas and oil attacks

Iranian attacks on the world's largest LNG plant in Qatar and refineries in Saudi Arabia and Kuwait sent shock waves through energy markets Thursday as the United States said there was no deadline to end the Middle East war.

Text size:

Amid growing fears over the economic damage from the war, US President Donald Trump said there would be no repeat of Israel's attack on Iran's key South Pars gas field, but he warned of a furious US response if Tehran did not halt strikes on Qatar.

Iran responded that it would have "zero restraint" if its energy infrastructure was hit again.

Oil markets have already been shaken by Iran's blocking of the Strait of Hormuz.

But the international benchmark Brent surged 10 percent to $119 a barrel before falling back to $112, while European gas prices rose 35 percent, after Iranian missiles hit Qatar's huge Ras Laffan liquefied natural gas complex in retaliation for the Israeli strike on South Pars on Wednesday.

The nighttime attack on Ras Laffan, a repeated target since the start of the war on February 28, caused "extensive damage", QatarEngery said.

Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said the attack was "clear proof" that Iran was going past its vow to only target US interests in the Gulf.

And attacks blamed on Iran spread.

A drone crashed into the Samref refinery in Saudi Arabia's Red Sea port of Yanbu, the Saudi defence ministry said. The government reserved the "right to take military actions" in response.

In Kuwait, drone attacks sparked fires at the Mina Abdullah and Mina Al-Ahmadi refineries, which have a combined capacity of 800,000 barrels per day.

Even in Israel, media said an oil refinery in the port of Haifa was hit on Thursday, after the military warned of missiles launched by Iran.

- 'Zero restraint' -

Trump indicated he did not know in advance about Israel's raid on South Pars, which supplies about 70 percent of Iran's domestic needs. But he said he had told Israeli Prime Minister Benjamin Netanyahu not to hit more gas fields in Iran.

"We get along great. It's coordinated, but on occasion, he'll do something" that the United States opposes, Trump said.

Trump warned earlier that the United States would "blow up" South Pars if Tehran did not stop attacking Qatar. But he said Thursday there was no current plan to send troops into Iran.

Iran responded to the threats with defiance. The military's Khatam Al-Anbiya operational command vowed the "complete destruction" of Gulf energy infrastructure if the Israeli attack was repeated, according to a statement carried by Fars news agency.

Foreign Minister Abbas Araghchi said on social media there would be "ZERO restraint" if Iran's infrastructure was hit again.

- 'Safe passage' sought -

There is growing concern among the world's major economies over fallout from the conflict.

Britain, France, Germany, Italy, Japan and the Netherlands said they would "contribute to appropriate efforts to ensure safe passage through the Strait of Hormuz" but gave few details.

French President Emmanuel Macron condemned the "reckless escalation" in attacks and called for "direct talks between the Americans and Iranians on this matter".

UK Prime Minister Keir Starmer's office warned that "attacks on critical infrastructure risked pushing the region further into crisis", after talks with Macron and NATO chief Mark Rutte.

India and China also expressed new concern about their supplies which flow through the Hormuz strait. Fuel shortages have sparked long queues at petrol stations across Asia and increased costs around the world.

- No time frame for war's end -

US Defense Secretary Pete Hegseth said there is no time frame for ending the war, but that "we're very much on track" and Trump would choose when to end fighting.

"It will be at the president's choosing, ultimately, where we say, 'Hey, we've achieved what we need to,'" he told a Washington news conference.

Commentators said the energy attacks showed gaps between the United States and Israel over war tactics.

"The conflict is drifting into a war of attrition -- with no clear signs of regime collapse in Iran," said Danny Citrinowicz, a senior fellow at Israel's Institute for National Security Studies, on X.

The attacks "underscored just how unstructured this campaign has become -- lacking strategic clarity, long-term planning, and a defined end state".

US media said the administration could seek more than $200 billion in additional war funding from Congress.

"I think that number could move. Obviously it takes money to kill bad guys," Hegseth commented.

- Tehran queues -

Iran is meanwhile gearing up for the key holiday of Nowruz, the Persian new year, on Friday.

A US-based rights group has reported more than 3,000 people killed in Iran by the US-Israeli strikes, a figure that could not be independently verified.

In Tehran, however, there was little to suggest that the country was mired in war or that it had lost its supreme leader Ayatollah Ali Khamenei and other key officials in US-Israeli strikes.

Though security was more intense than usual Thursday, Tehran's city centre was filled with traffic jams and street vendors haggling over the price of clothes and fruit.

burs-tw/dcp

K.Yamaguchi--JT