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War in Iran Shocks Global Economy
Iran's Revolutionary Guards warn of strikes on economic centers amid ongoing US-Israel air attacks disrupting Gulf energy and shipping through the Strait of Hormuz.
- On March 8, Iran's health ministry reported over 1,200 people killed in US and Israeli strikes, including attacks in Beirut, Lebanon, on Wednesday.
- Since February 28, Iranian missile and drone attacks have nearly halted shipping through the Strait of Hormuz, after US and Israeli air strikes that killed Iran's supreme leader.
- US forces reported striking 28 Iranian mine-laying vessels and the United States Central Command said it eliminated multiple naval ships, including 16 minelayers, while drones near Dubai airport injured four people.
- The International Energy Agency agreed to release 400 million barrels, and President Donald Trump said Washington would tap US strategic reserves 'a little', while Pentagon briefings estimated war costs over $11.3 billion.
- Iran's Revolutionary Guards warned they would target 'economic centres and banks' as Ali Fadavi cautioned 'long-term war' risks destroying the American and global economy, while fighting near the Strait of Hormuz shook global energy markets.
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19 Articles
Channel News Asia+7 Reposted by 7 other sources
Iran says war could destroy global economy, Trump vows to 'finish' job
The statement from Tehran came as fighting around the Strait of Hormuz sent shockwaves through energy markets, prompting emergency releases from global reserves.
·Singapore
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Total News Sources19
Leaning Left3Leaning Right2Center11Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 19%
C 69%
12%
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