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\n\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/p>\n\n\t\t\t\t‘Take the oil and make a fortune’\t\t\t<\/h2>\n<\/p><\/div>\n At the identical time, the economic impact has been global, with Iran\u2019s grip on the strategic shipping lane within the Strait of Hormuz giving it a choke hold on oil and gas.<\/p>\n
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Trump has expressed anger at U.S. allies which have refused his calls to assist re-open the strait, through which a fifth of world oil and liquefied gas passes in normal times. On Friday, he said reopening it could not be difficult.<\/p>\n
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\n\t\t\tMore on World<\/button>More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n\u201cWith a bit of more time, we will easily OPEN THE HORMUZ STRAIT, TAKE THE OIL,& MAKE A FORTUNE,\u201d he said on Truth Social.<\/p>\n
The U.S. and Israel say they’ve degraded Iran\u2019s military capability. But Iranian media have issued day by day reports of attacks on civilian sites too, including schools, pharmaceutical suppliers and health facilities. On Thursday, the century-old Pasteur Institute in the guts of Tehran was severely damaged, the Health Ministry said.<\/p>\n
On Friday, a drone hit a Red Crescent relief warehouse within the Choghadak area of the southern Bushehr province.<\/p>\n
Over 100 American international law experts said the conduct of U.S. forces and statements by senior U.S. officials \u201craise serious concerns about violations of international human rights law and international humanitarian law, including potential war crimes.\u201d<\/p>\n
For its part, Iran has continued to strike targets across the Gulf.<\/p>\n
Kuwait Petroleum Corporation said its Mina al-Ahmadi refinery had been hit by drones. Other attacks were also reported to have been intercepted in Saudi Arabia and Abu Dhabi. Missile debris landed near the Israeli port of Haifa, site of a serious oil refinery.<\/p>\n
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<\/p>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1:54<\/time>Airlines hike fares as Iran war sparks jet fuel shortage fears<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/span>
Global financial markets have whipsawed in response to expectations of a possible end to the war and the re-opening of the Strait, which only isolated vessels have been capable of transit.<\/p>\n
The closure has also squeezed shipments of fertilizer, threatening a humanitarian crisis in developing countries in Asia and Africa, underlined by data showing a pointy rise in global food prices in March.<\/p>\n
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On Friday, a container ship belonging to the French shipping group CMA CGM passed through, MarineTraffic vessel tracking data showed, an indication that Iran may not consider France hostile. A liquefied natural gas ship belonging to Japan\u2019s Mitsui OSK Lines also transited.<\/p>\n
Oil markets were closed after benchmark U.S. crude prices gained 11% on Thursday following a speech by Trump that offered no clear sign of an imminent end to the war.<\/p>\n
The U.N. Security Council is about to vote on Saturday on a Bahraini resolution to guard industrial shipping in and across the strait, diplomats said, but veto-wielding China made clear its opposition to authorizing armed intervention.<\/p>\n<\/p><\/div>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Iran shot down a U.S. warplane on Friday, setting off a search by each side for surviving crew because the war looked set to accentuate with U.S. President Donald Trump threatening more attacks on civilian infrastructure. Iran\u2019s Revolutionary Guard Corps said it was combing an area near where the plane got here down in southwestern […]<\/p>\n","protected":false},"author":1,"featured_media":312963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[2760,15256,4538,1903,20338,1733,20907,3761],"class_list":["post-312962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-fighter","tag-iran","tag-jet","tag-national","tag-officials","tag-shot","tag-territory","tag-u-s"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/312962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=312962"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/312962\/revisions"}],"predecessor-version":[{"id":312965,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/312962\/revisions\/312965"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/312963"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=312962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=312962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=312962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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