Berliner Boersenzeitung - Trump seeks global backing to secure vital Gulf oil route

EUR -
AED 4.228976
AFN 73.119834
ALL 94.021967
AMD 424.002895
ANG 2.061694
AOA 1056.527737
ARS 1654.438924
AUD 1.637643
AWG 2.072745
AZN 1.956608
BAM 1.940524
BBD 2.320433
BDT 141.427884
BGN 1.947091
BHD 0.434244
BIF 3444.211275
BMD 1.151525
BND 1.475981
BOB 7.990101
BRL 5.862184
BSD 1.15213
BTN 108.888809
BWP 15.437474
BYN 3.18969
BYR 22569.89
BZD 2.317159
CAD 1.624272
CDF 2671.538139
CHF 0.920005
CLF 0.025916
CLP 1019.974636
CNY 7.781373
CNH 7.790504
COP 3955.488375
CRC 524.76893
CUC 1.151525
CUP 30.515413
CVE 109.797998
CZK 23.95408
DJF 204.648869
DKK 7.411376
DOP 67.4793
DZD 153.01346
EGP 57.470537
ERN 17.272875
ETB 182.372797
FJD 2.572162
FKP 0.85688
GBP 0.865181
GEL 3.045783
GGP 0.85688
GHS 13.009584
GIP 0.85688
GMD 84.060962
GNF 10107.509554
GTQ 8.781943
GYD 241.002785
HKD 9.024242
HNL 30.74249
HRK 7.534541
HTG 150.46551
HUF 346.205579
IDR 20437.956615
ILS 3.384545
IMP 0.85688
INR 108.599745
IQD 1508.49775
IRR 1583346.874934
ISK 143.169139
JEP 0.85688
JMD 182.215568
JOD 0.816453
JPY 184.54685
KES 149.145723
KGS 100.700587
KHR 4620.486077
KMF 489.397908
KPW 1036.372903
KRW 1740.950341
KWD 0.354783
KYD 0.960142
KZT 561.852126
LAK 25368.095524
LBP 103119.063813
LKR 385.974892
LRD 209.750083
LSL 18.648784
LTL 3.400154
LVL 0.696546
LYD 7.340995
MAD 10.645869
MDL 20.104732
MGA 4836.404941
MKD 61.13059
MMK 2417.565662
MNT 4119.380119
MOP 9.295623
MRU 46.153174
MUR 54.27165
MVR 17.802858
MWK 1999.047696
MXN 19.897811
MYR 4.680724
MZN 73.584871
NAD 18.656912
NGN 1565.060256
NIO 42.157445
NOK 11.057916
NPR 174.22099
NZD 1.988954
OMR 0.442759
PAB 1.15213
PEN 3.929591
PGK 5.052604
PHP 69.521029
PKR 320.467319
PLN 4.200383
PYG 7030.653504
QAR 4.19213
RON 5.189965
RSD 116.385846
RUB 84.02856
RWF 1713.4692
SAR 4.3204
SBD 9.282931
SCR 16.253917
SDG 691.489983
SEK 10.927914
SGD 1.476289
SHP 0.85973
SLE 28.500579
SLL 24146.907707
SOS 658.105205
SRD 42.988761
STD 23834.24258
STN 24.642635
SVC 10.08073
SYP 127.280474
SZL 18.651112
THB 37.464291
TJS 10.680124
TMT 4.041853
TND 3.352953
TOP 2.772596
TRY 53.484876
TTD 7.826389
TWD 36.340404
TZS 3022.756545
UAH 51.598556
UGX 4262.445308
USD 1.151525
UYU 46.514236
UZS 13824.057461
VES 686.350812
VND 30315.04715
VUV 137.32261
WST 3.15485
XAF 650.833528
XAG 0.016533
XAU 0.000266
XCD 3.112054
XCG 2.076436
XDR 0.810325
XOF 650.611831
XPF 119.331742
YER 274.782682
ZAR 18.81274
ZMK 10365.107498
ZMW 20.363694
ZWL 370.79058
  • CMSC

    -0.0450

    22.32

    -0.2%

  • BCC

    -0.7500

    70.81

    -1.06%

  • RYCEF

    -0.1600

    18.43

    -0.87%

  • BCE

    -0.5400

    23.28

    -2.32%

  • JRI

    -0.1900

    12.62

    -1.51%

  • NGG

    -1.6000

    80.68

    -1.98%

  • CMSD

    0.0300

    22.29

    +0.13%

  • RELX

    -0.7900

    32.01

    -2.47%

  • RIO

    -3.0700

    102.67

    -2.99%

  • GSK

    -0.0700

    52.15

    -0.13%

  • BTI

    -1.8900

    59.49

    -3.18%

  • VOD

    -0.3600

    14.53

    -2.48%

  • RBGPF

    -1.7300

    61.14

    -2.83%

  • AZN

    -0.8200

    177.89

    -0.46%

  • BP

    -1.0100

    40.14

    -2.52%

Trump seeks global backing to secure vital Gulf oil route
Trump seeks global backing to secure vital Gulf oil route / Photo: - - AFP

Trump seeks global backing to secure vital Gulf oil route

US President Donald Trump urged other nations to help secure a vital shipping lane choked off by the war with Iran that showed no signs of slowing on Saturday, as strikes hit the US embassy in Baghdad and a major Emirati energy facility.

Text size:

Two weeks after the United States and Israel attacked Iran, the entire Gulf region remained in the grip of a conflict that has sent shockwaves through the global economy.

The war has also spilled into Lebanon, where the health ministry says Israeli strikes have killed hundreds as Israel battles the Tehran-backed militant group Hezbollah.

Oil prices have surged 40 percent as Iran has choked off the vital Strait of Hormuz and attacked Gulf energy facilities.

Clouds of black smoke rose over Fujairah, home to a major Emirati oil storage and export terminal, AFP journalists saw, shortly after Iran's military warned UAE civilians to avoid port areas.

Washington's embassy in Iraq was hit by a drone, security sources told AFP -- the second such strike during the war -- while the Emirati consulate in Iraqi Kurdistan was targeted for the second time in a week.

US officials in Baghdad urged citizens to "leave now," but warned them not to approach the embassy or the consulate in Erbil "in light of the ongoing risk of missiles, drones, and rockets in Iraqi airspace."

In Kuwait, a drone strike damaged the international airport's radar system but caused no injuries, the civil aviation authority said.

After earlier vowing that the US Navy would "very soon" begin escorting tankers through the Strait of Hormuz, Trump called for reinforcements on Saturday.

"Many countries... will be sending War Ships, in conjunction with the United States of America, to keep the Strait open and safe," he posted on social media, saying China, France, Japan, South Korea and Britain would "hopefully" be among them.

He later said that although the United States had "beaten" Iran, countries dependent on the strait for oil "must take care of that passage, and we will help."

- 'Decisive phase' -

US forces struck Kharg Island on Friday -- from which nearly all of Iran's oil exports flow -- with Trump saying they had "obliterated every MILITARY target" while sparing energy facilities.

Iran had warned that US-linked oil and energy firms would be "turned into a pile of ashes" if struck, with Foreign Minister Abbas Araghchi repeating the threat and accusing Washington of firing rockets at Kharg from bases in the UAE.

Israel's Defence Minister Israel Katz said the war was entering a "decisive phase," though he cautioned it would "continue as long as necessary."

Despite facing superior US and Israeli firepower, Iran appeared determined to fight on.

AFP journalists heard blasts over Jerusalem after the military detected missiles launched from Iran on Saturday. Tehran later confirmed firing another salvo.

Qatar evacuated parts of downtown Doha and intercepted two missiles, with blasts heard by AFP journalists.

Iran's Revolutionary Guards (IGRC) said late Saturday they had launched missiles at US forces stationed at the Al-Kharj base in Saudi Arabia.

The kingdom has not confirmed the attack but said earlier it intercepted six ballistic missiles headed toward Al-Kharj.

Riyadh, a close US ally that hosts large numbers of American troops, has repeatedly been targeted by Iran -- including strikes on its oil industry -- but has not deployed its military against the Islamic republic.

The war has also begun disrupting global sport, with motorsport's governing body cancelling April's Bahrain and Saudi Arabia Formula One races.

Iran continued to face heavy bombardment, with local media reporting strikes in several provinces including one on an industrial site in Isfahan that killed 15 people, according to the Fars news agency. AFP could not verify the toll.

Iran's health ministry says more than 1,200 people have been killed by US and Israeli strikes -- figures AFP could not independently verify -- while the UN refugee agency says up to 3.2 million have been displaced.

The Pentagon says more than 15,000 targets in Iran have been hit by US and Israeli forces. A report this week said the first six days alone cost Washington $11.3 billion, while 13 US military personnel have died.

- Transition -

US media reported that the Pentagon has dispatched the amphibious assault ship USS Tripoli and around 2,500 Marines to the region.

In Iran, leaders appeared intent on projecting stability despite the killing of supreme leader Ali Khamenei on the war's opening day.

His son Mojtaba Khamenei was named the new supreme leader but has not appeared in public and is reportedly wounded.

Iran said Saturday that "there is no problem with the new supreme leader."

The war has also sparked another devastating round of fighting between Israel and Hezbollah in Lebanon.

The Tehran-backed militant group attacked Israel after Khamenei's death and its leader, Naim Qassem, has called the current conflict an "existential battle."

Israel has responded with air and ground assaults, killing at least 826 people, according to the Lebanese authorities.

It has also issued evacuation orders covering hundreds of square kilometres of Lebanon, displacing hundreds of thousands of people and prompting warnings of a humanitarian disaster.

Hezbollah said it was engaged in "direct clashes" with Israeli forces in the southern Lebanese town of Khiam late on Saturday.

Clashes began at 9:20 pm (1920 GMT), involving "light and medium weapons as well as rocket-propelled projectiles," it said.

A Lebanese official told AFP the country was forming a delegation to negotiate with Israel but no agenda, timing or location had yet been decided.

(Y.Yildiz--BBZ)