Iran launched new attacks Tuesday at Gulf Arab countries as it keeps up pressure on the region, while five pro-Iranian militants were killed by an airstrike in northern Iraq.
Incoming missile sirens sounded early in the morning in Dubai in the United Arab Emirates and Bahrain, while Saudi Arabia said it had destroyed two drones over its oil-rich eastern region and Kuwait’s National Guard said it had show down six drones.
In addition to firing missiles and drones at Israel and American bases in the region, Iran has also been targeting energy infrastructure which, combined with its stranglehold on the Strait of Hormuz, has sent oil prices soaring.
Brent crude, the international standard, spiked to nearly $120 on Monday before falling back but was still at around $90 a barrel on Tuesday, nearly 24% higher than when the war started on Feb 28.
US President Donald Trump, who has previously said that the war could last for a month or longer, on Tuesday sought to downplay growing fears that it could be a long-term regional conflict, saying it was “going to be a short-term excursion.”
The war has choked off major supplies of oil and gas to world markets and sent fuel prices rising across the US. The fighting has also led foreigners to flee from business hubs and prompted millions to seek shelter as bombs hit military bases, government buildings, oil and water installations, hotels and at least one school.
Iran has effectively stopped tankers from using the Strait of Hormuz, the shipping lane between the Persian Gulf and the Gulf of Oman — the gateway to the Indian Ocean — through which 20% of the world’s oil is carried.
Attacks on merchant ships near the strait have killed at least seven sailors, according to the International Maritime Organization.
In a post on social media on Tuesday, Trump seemed not to acknowledge that, saying that “If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far.”
In an apparent response to Trump’s remarks published in Iranian state media, a spokesperson for the paramilitary Revolutionary Guard, Ali Mohammad Naini, said “Iran will determine when the war ends.”
Kamal Kharazi, foreign policy adviser to the office of the supreme leader, told CNN on Monday that Iran is prepared for a long war. He said he sees no “room for diplomacy anymore” unless economic pressure prompts other countries to intervene and stop the “aggression of Americans and Israelis against Iran.”
As the conflict has spread against the region, Israel has launched multiple attacks on Hezbollah in Lebanon and the Iranian-linked militia has responded by firing missiles into Israel.
Pro-Iran militias in Iraq have also launched attacks at US bases in the country since the beginning of the conflict.
Early Tuesday, one of those militias, the 40th Brigade of the Popular Mobilisation Forces in the city of Kirkuk, was hit with an airstrike that killed at least five militants and wounded four others, according to officials, who spoke on condition of anonymity because they weren’t authorised to brief reporters.
It was not immediately clear who was behind the strikes.
Since the war began, at least 1,230 people have been killed in Iran, at least 397 in Lebanon and 11 in Israel, according to officials.
A total of seven US service members have been killed.
Financial markets, which swung wildly in recent days, opened the day Tuesday in Asia with early gains, building on late optimism in the US.