Berliner Boersenzeitung - US-Iran fighting escalates with infrastructure targeted

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.833961
GBP 0.834166
GEL 2.893653
GGP 0.833961
GHS 13.055243
GIP 0.833961
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.833961
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.833961
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.311039
MNT 4015.078679
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 133.25575
WST 3.108617
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.644798
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

US-Iran fighting escalates with infrastructure targeted

US-Iran fighting escalates with infrastructure targeted

Iran on Saturday struck infrastructure in the Gulf and threatened a "full-scale offensive" in retaliation for the seventh consecutive night of US strikes on the Islamic republic.

Text size:

A month after they agreed a preliminary deal aimed at ending their war, fighting has intensified, with Tehran accusing Washington of hitting an airport, railway station and bridges.

Iran retaliated Saturday with strikes on an oil facility in Kuwait as well as a power and water plant, authorities in the Gulf state said, while in Bahrain the army said air defences repelled a wave of Iranian attacks.

"Iran will no longer limit itself to retaliatory, like-for-like responses... and no political border will be safe," said Major General Mohsen Rezaei, a senior military adviser to Iran's supreme leader, according to state media.

He said Tehran would resume "full-scale offensive operations" if US strikes continue for another two or three days.

Kuwait accused Iran of targeting civilian sites and vital infrastructure after the strike on the power plant forced several power generation units to be deactivated.

It was the second attack on a Kuwaiti power and water plant in as many days, with the first on Friday causing a fire and damage.

Kuwait's state oil firm reported injuries and damage in an attack on an oil facility, and the country's fire service said firefighters were injured battling blazes sparked by Iranian attacks.

In Bahrain, another US ally in the Gulf, the Iranian army said it targeted an air base used by the United States, according to the state broadcaster.

Drones targeted "aircraft shelters and parking areas, fuel storage tanks of the US military at Sheikh Isa Air Base, as well as several connecting bridges", the army said.

Jordan was also hit, with the Iranian state broadcaster reporting fuel tanks at its Al-Azraq base were targeted.

Jordan's army said it had shot down 10 missiles but with no casualties or damage.

- Escalating threats -

Hope for a political settlement to the war has fallen by the wayside, though mediators have attempted to bring both sides back to the negotiating table.

US President Donald Trump this week threatened to hit Iranian infrastructure, although there has been no confirmation from Washington since then that US forces have begun to do so.

Iranian state news agency IRNA reported Saturday that US attacks killed three people and wounded eight in the southern province of Hormozgan.

Local authorities said 116 telecommunications towers had been knocked out of service, with landline, mobile and internet connections down in some northern areas of the province.

In Khuzestan province, the deputy provincial governor said the US had attacked 95 locations in 12 cities over the past 10 days, according to Iran's Tasnim news agency.

Eight people had been killed in the attacks, he said.

Iranian authorities also said the supply of drinking water to several villages in the south had been cut off, accusing the US of striking power facilities and desalination plant pumps in the village of Bonji, according to Tasnim.

Iran's energy ministry urged citizens to reduce electricity use and switch off air conditioners in peak hours after the power grid came under strain.

The health ministry said Friday that 50 people had been killed since the renewed fighting broke out a week ago and more than 500 injured.

- 'Capitulation' -

David Khalfa, a Middle East specialist at the Paris-based Jean-Jaures Foundation, said a "widening range of strategic infrastructure" was being drawn into the conflict.

"The paradox is that, while the conflict continues to escalate, neither side has a strategic interest in allowing this dynamic to continue. Yet both perceive any compromise as a form of capitulation," Khalfa told AFP.

The latest bout of violence was sparked by Iranian attacks on ships in the strategic Strait of Hormuz, a vital transport lane for Gulf energy exports that Iran seeks to control.

Iran's Revolutionary Guards on Saturday said two oil tankers in the waterway, which they claimed were being directed by US intelligence agencies, had exploded after hitting mines, but the US military quickly denied the claim.

The Revolutionary Guards also said on state television they had "stopped" four ships trying to transit.

Iran closed the strait after the war broke out in late February with US-Israeli strikes, and control over the route has become key leverage in negotiations with the US.

But the US has also reimposed its own blockade of Iran's ports as part of the recent escalation, seeking to cut off the country's oil revenues.

burs-axn/jsa

(U.Gruber--BBZ)