Berliner Boersenzeitung - Iran claims control of key waterway for energy transit

EUR -
AED 4.208869
AFN 72.772181
ALL 93.574933
AMD 421.986946
ANG 2.051891
AOA 1051.504407
ARS 1646.572787
AUD 1.633422
AWG 2.06289
AZN 1.947306
BAM 1.931298
BBD 2.309401
BDT 140.755456
BGN 1.937834
BHD 0.43218
BIF 3427.83555
BMD 1.14605
BND 1.468963
BOB 7.952111
BRL 5.834312
BSD 1.146652
BTN 108.37109
BWP 15.364075
BYN 3.174525
BYR 22462.58
BZD 2.306142
CAD 1.619575
CDF 2658.836139
CHF 0.921699
CLF 0.025793
CLP 1015.125101
CNY 7.744376
CNH 7.767445
COP 3936.68175
CRC 522.273882
CUC 1.14605
CUP 30.370325
CVE 109.275957
CZK 23.840189
DJF 203.675853
DKK 7.376139
DOP 67.158465
DZD 152.285947
EGP 57.197289
ERN 17.19075
ETB 181.505693
FJD 2.559932
FKP 0.855486
GBP 0.867845
GEL 3.031301
GGP 0.855486
GHS 12.947729
GIP 0.855486
GMD 83.661288
GNF 10059.452747
GTQ 8.740189
GYD 239.856922
HKD 8.982178
HNL 30.596323
HRK 7.534016
HTG 149.750112
HUF 344.559522
IDR 20340.78303
ILS 3.371777
IMP 0.855486
INR 108.0834
IQD 1501.3255
IRR 1575818.749934
ISK 142.488432
JEP 0.855486
JMD 181.349212
JOD 0.812571
JPY 183.66941
KES 148.4366
KGS 100.221799
KHR 4598.517677
KMF 487.071034
KPW 1031.445401
KRW 1732.67288
KWD 0.353096
KYD 0.955577
KZT 559.180763
LAK 25247.481275
LBP 102628.777562
LKR 384.13975
LRD 208.752813
LSL 18.560117
LTL 3.383988
LVL 0.693234
LYD 7.306091
MAD 10.595252
MDL 20.009143
MGA 4813.409941
MKD 60.839941
MMK 2406.642874
MNT 4102.150917
MOP 9.251427
MRU 45.933736
MUR 54.013612
MVR 17.718213
MWK 1989.543095
MXN 19.886592
MYR 4.658469
MZN 73.235007
NAD 18.568207
NGN 1557.619076
NIO 41.957005
NOK 11.154769
NPR 173.392645
NZD 1.990655
OMR 0.440654
PAB 1.146652
PEN 3.910908
PGK 5.028581
PHP 69.190487
PKR 318.943637
PLN 4.180412
PYG 6997.225808
QAR 4.172198
RON 5.165289
RSD 115.832482
RUB 83.629041
RWF 1705.3224
SAR 4.299858
SBD 9.238795
SCR 16.176637
SDG 688.20225
SEK 10.983898
SGD 1.46927
SHP 0.855642
SLE 28.365071
SLL 24032.099675
SOS 654.976201
SRD 42.784369
STD 23720.921134
STN 24.52547
SVC 10.032801
SYP 126.675311
SZL 18.562435
THB 37.286165
TJS 10.629345
TMT 4.022636
TND 3.337012
TOP 2.759414
TRY 53.226231
TTD 7.789178
TWD 36.167621
TZS 3008.384654
UAH 51.353227
UGX 4242.179236
USD 1.14605
UYU 46.293081
UZS 13758.330087
VES 683.087513
VND 30170.9123
VUV 136.36723
WST 3.139892
XAF 647.739098
XAG 0.017417
XAU 0.000272
XCD 3.097258
XCG 2.066563
XDR 0.806472
XOF 647.518455
XPF 119.331742
YER 273.47621
ZAR 18.837016
ZMK 10315.825787
ZMW 20.266873
ZWL 369.027632
  • RBGPF

    -1.7300

    61.14

    -2.83%

  • BCC

    3.8500

    74.66

    +5.16%

  • RYCEF

    -0.1600

    18.43

    -0.87%

  • NGG

    -1.2400

    79.44

    -1.56%

  • BCE

    0.0000

    23.28

    0%

  • GSK

    -1.4800

    50.67

    -2.92%

  • RIO

    -2.5900

    100.08

    -2.59%

  • JRI

    0.0500

    12.67

    +0.39%

  • BTI

    -0.5800

    58.91

    -0.98%

  • VOD

    -0.2300

    14.3

    -1.61%

  • CMSD

    0.0000

    22.29

    0%

  • CMSC

    0.0500

    22.37

    +0.22%

  • BP

    -1.0400

    39.1

    -2.66%

  • RELX

    -0.8300

    31.18

    -2.66%

  • AZN

    -2.9600

    174.93

    -1.69%

Iran claims control of key waterway for energy transit
Iran claims control of key waterway for energy transit / Photo: ATTA KENARE - AFP

Iran claims control of key waterway for energy transit

Iran's Revolutionary Guards said Wednesday they had total control of the Strait of Hormuz, a key waterway for global energy transit, as Israel launched a new wave of strikes on the Iranian capital.

Text size:

In Lebanon, the Israeli military told residents south of the Litani River to move north, warning that the army was "compelled to take military action" against Hezbollah in the area.

Governments around the world scrambled to evacuate citizens stranded by the war in the Middle East, with Iran expanding a missile and drone barrage on the fifth day of a war that sent global shares sinking.

The war sparked by a US-Israeli attack that killed supreme leader Ayatollah Ali Khamenei has seen Iran lash out with missile and drone strikes from Israel across the Gulf, and has also drawn in Tehran's proxy Hezbollah in Lebanon.

Cities like Dubai and Riyadh, which have long taken pride in their safety from the tumult of the region, have been drawn in, with the growing chaos sparing few countries in Iran's vicinity.

A ballistic missile launched from Iran, heading towards Turkish airspace through Iraq and Syria, has been destroyed by NATO air defence systems, Turkish officials said on Wednesday.

With energy prices already spiking, President Donald Trump had said the US Navy was ready to escort oil tankers through the crucial Strait of Hormuz.

Earlier, the Revolutionary Guards warned ships against entering the strait, and major shipping firms have already suspended transit through the waterway with maritime agencies reporting several ships attacked.

- 'War situation' -

In Lebanon, which Hezbollah dragged into the war, Israel expanded its air strikes, targeting the area around the presidential palace and the militant group's south Beirut bastion, killing 11 people according to Lebanese authorities.

An AFP journalist reported a fresh explosion in the northeast of the Iranian capital, as Iran announced that Khamenei's funeral had been postponed.

Israel has already vowed to assassinate any successor to Khamenei, while Iran has said an appointment would be made "at the earliest opportunity".

"We are close, but the situation is a war situation," Ahmad Khatami, a member of the Assembly of Experts, told Iranian state TV.

- Bigger than 'shock and awe' -

The Israeli military said it had begun "broad scale strikes" in Tehran on Wednesday.

Earlier, US President Donald Trump said the US had "knocked out" Iran's navy, along with its air force and radar systems, while the US military said it had hit nearly 2,000 targets since first launching strikes.

Admiral Brad Cooper, commander of US forces in the region said the first day's barrage had been bigger than the so-called "shock and awe" assault on Saddam Hussein's Iraq in 2003.

Trump and Israeli Prime Minister Benjamin Netanyahu have urged Iranians to rise up but the US leader also said regime change was not the goal.

The assault came weeks after Iranian authorities clamped down on mass protests, killing thousands according to rights groups.

- Salvos target Gulf -

Saudi Arabia said it intercepted two cruise missiles as well as a drone targeting its huge Ras Tanura refinery, while drones struck near the US consulate in Dubai, starting a fire, and a missile hit the US military base at Al-Udeid in Qatar.

The UAE and Qatar both said they had intercepted drone and missile salvos on Wednesday, with Abu Dhabi saying it had been targeted by three ballistic missiles and 129 drones, intercepting all but eight drones.

Kuwait has also been struck, with the health ministry announcing the death of an 11-year-old girl killed after she was hit by falling shrapnel.

The Pentagon identified four of six US troops killed in the war so far, saying they were hit by a drone attack in Kuwait.

The United States encouraged all Americans to leave the region if they could find commercial flights, though air travel has been severely disrupted, while governments including Britain and France sent chartered flights to get their citizens out.

The war was taking a growing toll on Lebanon, from where Iran-backed militant group Hezbollah launched drones and rockets at Israel in retaliation for Khamenei's killing.

An air strike hit a hotel in Hazmieh near Beirut on Wednesday, the first reported Israeli attack on the predominantly Christian area in Beirut's suburbs, near the presidential palace and several embassies.

The southern suburbs of Beirut, a Hezbollah stronghold, were targeted again on Wednesday morning, following an evacuation order from Israel's military.

Israel then warned all residents south of the Litani River, an area of hundreds of square kilometres (miles), to leave their homes, saying it was "compelled to take military action".

In Iraq, meanwhile, the country's top Shiite cleric, Iranian-born Grand Ayatollah Ali Sistani, denounced the war as "unjust" and called "on all Muslims and free people around the world to denounce" the war and "stand in solidarity with the Iranian people."

A key figure in Iraq, Sistani's influence extends to millions of followers across the Muslim world.

- 'You'd think no one lived here' -

According to the Iranian Red Crescent, the US and Israeli attacks have killed 787 people in Iran, a toll that could not be independently confirmed by AFP.

Iran repeatedly vowed to inflict a heavy price in retaliation, with the judiciary saying that those who aid the country's enemies "will be dealt with decisively and severely".

In Tehran, residents who have not fled remained shut away in their homes, fearing the US-Israeli bombardment.

The Iranian capital is normally home to around 10 million people, but in recent days "there are so few people that you'd think no one ever lived here", said Samireh, a 33-year-old nurse.

burs/dcp/ser

(S.G.Stein--BBZ)