Iran has warned that it is prepared for a prolonged w@r of attrition that could severely d@mage the global economy, as tensions continue to escalate with the United States and Israel.
The warning came after Iranian forces reportedly opened fire on two commercial vessels and thr+atened ships belonging to the United States and its allies in the Strait of Hormuz, a crucial route for global oil shipments. Iranian officials said the US and Israel must be prepared for a long-term conflict that could have serious economic consequences worldwide.
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Oil prices have surged since February 28, when US and Israeli forces launched attacks on Iran, k+lling the country’s Supreme Leader and triggering a wider conflict across the Middle East. In response to rising prices, the International Energy Agency announced plans to release about 400 million barrels of oil from emergency reserves the largest release of its kind.
With the conflict entering its 12th day, Iran’s Revolutionary Guard also thre+tened to target economic institutions and banks it believes are linked to US and Israeli interests. The growing tensions have already prompted several international companies to begin evacuating staff from Dubai.
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Meanwhile, tensions have spread across the Gulf region. Authorities in Dubai reported that drones fell near the city’s airport, injuring four people, while fuel storage tanks were also hit at Oman’s Salalah port, forcing the suspension of some operations.
At the same time, Israel has continued its military operations, launching a new wave of airstrikes across Iran and against Hezbollah positions in Beirut. One strike reportedly hit a residential building in central Beirut, causing major damage.
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Iranian officials say more than 1,200 people have been k+lled and over 10,000 civilians inj¥red since the att@cks began.
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