The U.S. military launched the 13th night of strikes Thursday against Iran, targeting key military and commercial sites as clashes continued to escalate over shipping routes. The attacks came after Yemen’s Iran-backed Houthi rebels said they targeted two Saudi oil tankers in the Red Sea, potentially widening the Iran war as international oil topped $100 a barrel.
Shortly after the new attacks were announced, Iranian state media reported explosions in the port city of Bandar Abbas, a critical hub for moving military supplies as well as trade cargo, where two people were reportedly injured.
Blasts were also reported on Qeshm Island, home to stores of naval assets including drone boats that Iran can use to attack vessels on the Strait of Hormuz, as well as to the northwest near Andimeshk, Omidiyeh and Firuzabad. Four people were killed and five wounded in a U.S. missile attack on the outskirts of Ahvaz on the Karun River, Iranian state media said.
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U.S. Central Command said the latest barrage was designed to “further degrade Iran’s ability to threaten civilian mariners and commercial vessels transiting regional waters” as the Americans push to regain control over the strategic waterway through which a fifth of the world’s oil and gas transited in peacetime. It said the strikes ended shortly before 5 a.m. local time Friday.
Meanwhile, the Houthis threatened to shut down another key trade route, with the world economy already reeling from Iran’s closure of the Strait of Hormuz. Iran and the U.S. have stepped up attacks as they vie for control of the strait, setting off a scramble for alternative routes.
President Donald Trump threatened “major military punishment” against the Houthis if their attacks on ships continue.
“If they do this again, the U.S. will hold Iran responsible, in that the Houthis are a Surrogate and/or Proxy of Iran, and major military punishment will be inflicted upon Iran and, of course, the Houthis, themselves,” Trump wrote on social media.
As the rhetoric escalated, so did the economic fallout. The price of Brent crude oil, the international standard, spiked more than 6% to about $100 a barrel. That’s the highest level since May, before the two sides reached a preliminary peace agreement last month that has since collapsed.
Prime Minister Ali al-Zaidi of Iraq, which has close ties to both the U.S. and Iran, was in Tehran on Thursday to call for peace and dialogue, and he promised not to allow Iraqi territory to be used for attacks on Iran, his office said. Al-Zaidi met with Trump earlier this month in Washington.
Houthi attacks are a ‘double whammy’ on oil shipments
The Houthis’ SABA news agency said the rebels had struck two tankers, the Encelia and the Layla, in the Red Sea, causing fires on both. There were no reports of casualties.
It was the first reported Houthi attack on a vessel since they announced a blockade of Saudi-linked shipping through the Bab el-Mandeb Strait earlier this week in retaliation for the kingdom’s blockade on Yemen and a recent attack on the international airport in Yemen’s rebel-held capital, Sanaa.
Bab el-Mandeb, at the southern tip of the Arabian Peninsula, is a vital shipping chokepoint connecting the Red Sea to the Gulf of Aden. Around 12% of the world’s trade, including a fourth of global container traffic, passes through there, moving between Europe and Asia via Egypt’s Suez Canal.
The state-run Saudi Press Agency reported an attack set the Encelia ablaze overnight in the Red Sea. It did not mention the Layla.
The United Kingdom Maritime Trade Operations Center said it received a report of a tanker being struck by “an unknown projectile” 130 kilometers (80 miles) southwest of Al Shuqaiq, Saudi Arabia, in the Red Sea.
The Houthi attacks put at risk oil shipments from Saudi Arabia’s Yanbu port on the Red Sea and present a “double whammy” on top of the disruption in the Strait of Hormuz, said maritime data and analysis firm Lloyd’s List Intelligence.
Saudi Arabia has diverted millions of barrels a day of oil exports to Yanbu via an overland pipeline as the war has bottled up the Persian Gulf.
The Houthi threat “raises questions on the viability of this route,” Lloyd’s said in slides accompanying an online webinar Thursday.
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Both sides dig in over Strait of Hormuz
Iran says it has the right to manage traffic and potentially charge fees in the Strait of Hormuz, which was open to all toll-free before the war. It has attacked ships using a route through the strait that is overseen by U.S. forces and intended to be outside Tehran’s control.
Trump said on social media Thursday that sanctioned Iranian funds in the possession of the U.S. will cover the expense of fixing boats damaged in the war.
“Please let this statement serve to represent, until further notice, that from this point forth, any and all damages done to Ships, Cargo, or anything related thereto, will be paid for by Iranian Money that the United States has in its possession, and controls,” Trump said.
It was unclear what legal mechanisms Trump would use to seize and spend the funds, but he said that doing so would be “the fair and equitable thing to do.”
Seyed Abbas Araghchi, Iran’s foreign minister, said such a seizure of assets would be an “incendiary” precedent.
“Those who celebrate or profit from such funds should remember: once governments normalize confiscation, no one’s assets are safe,” Abbas Araghchi said on social media early Friday. “Ensuing chaos will not be pretty or peaceful.”
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In response to Iran’s attacks, the U.S. began the widening campaign of strikes across Iran and restored a naval blockade of Iran’s ports. U.S. Central Command said it has redirected about a dozen commercial vessels and disabled one since the blockade resumed.
The war of words has also escalated. Iranian Foreign Minister Abbas Araghchi said Tehran would adopt an “eye for an eye” policy on U.S. strikes against its infrastructure. U.S. Secretary of State Marco Rubio retorted that Trump’s policy is “a head for an eye.”
“The price will continue to get higher every single night until they come to their senses,” Rubio told reporters while traveling in the Philippines for a regional summit.
Iran’s health ministry said Thursday that 55 people have been killed and 629 have been wounded since renewed U.S. airstrikes began on June 27.
Iran has responded to U.S. attacks by targeting energy infrastructure and desalination plants providing drinking water in parched neighboring Gulf countries.
Polls have shown the war is unpopular among Americans, a fact reflected in the narrow passage Thursday of a resolution in the U.S. House to halt the war. Though a handful of Republicans crossed party lines to support the measure, the vote remained largely symbolic.