The Fort Worth Press - Iran's supreme leader defies US blockade as oil prices soar

USD -
AED 3.67295
AFN 66.000263
ALL 79.409715
AMD 364.601145
ANG 1.789783
AOA 918.000235
ARS 1511.709701
AUD 1.397146
AWG 1.7975
AZN 1.706495
BAM 1.677495
BBD 2.014693
BDT 123.090515
BGN 1.696366
BHD 0.376975
BIF 2992.5
BMD 1
BND 1.270966
BOB 11.517992
BRL 5.150797
BSD 1.000274
BTN 95.393377
BWP 13.392857
BYN 3.017793
BYR 19600
BZD 2.01181
CAD 1.383145
CDF 2278.50406
CHF 0.80206
CLF 0.02321
CLP 913.5023
CNY 6.72215
CNH 6.717899
COP 3099.39
CRC 453.82029
CUC 1
CUP 26.5
CVE 94.775001
CZK 20.626602
DJF 177.720105
DKK 6.403304
DOP 58.749864
DZD 133.009801
EGP 50.414802
ERN 15
ETB 160.500973
EUR 0.85662
FJD 2.23125
FKP 0.733696
GBP 0.732865
GEL 2.604996
GGP 0.733696
GHS 11.190011
GIP 0.733696
GMD 73.495602
GNF 8777.490624
GTQ 7.631774
GYD 209.274999
HKD 7.83895
HNL 26.880026
HRK 6.454303
HTG 130.858596
HUF 309.342503
IDR 17678
ILS 2.979097
IMP 0.733696
INR 95.238013
IQD 1310
IRR 1374574.999816
ISK 120.959906
JEP 0.733696
JMD 158.760791
JOD 0.709011
JPY 159.220502
KES 129.439606
KGS 87.449764
KHR 4042.512314
KMF 422.999825
KPW 900.000294
KRW 1382.929806
KWD 0.30857
KYD 0.833591
KZT 458.031701
LAK 22449.999879
LBP 89549.999753
LKR 328.555867
LRD 166.550459
LSL 16.039975
LTL 2.95274
LVL 0.60489
LYD 6.325015
MAD 9.264502
MDL 17.285062
MGA 4325.000112
MKD 52.766556
MMK 2099.770766
MNT 3596.537388
MOP 8.075854
MRU 40.097068
MUR 48.449905
MVR 15.460066
MWK 1736.999808
MXN 16.94419
MYR 4.041804
MZN 63.905017
NAD 16.040229
NGN 1347.069956
NIO 36.697685
NOK 9.312595
NPR 152.635123
NZD 1.67419
OMR 0.384486
PAB 1.00033
PEN 3.353503
PGK 4.416498
PHP 61.625498
PKR 277.625006
PLN 3.68575
PYG 5996.200377
QAR 3.644503
RON 4.502799
RSD 100.490459
RUB 83.697539
RWF 1470
SAR 3.758291
SBD 8.019375
SCR 13.891423
SDG 601.495264
SEK 9.46798
SGD 1.26928
SHP 0.740866
SLE 24.649749
SLL 20969.499227
SOS 571.461434
SRD 37.921975
STD 20697.981008
STN 21.35
SVC 8.752857
SYP 13001.999906
SZL 16.029787
THB 32.719823
TJS 9.222509
TMT 3.51
TND 2.8885
TOP 2.40776
TRY 48.091099
TTD 6.795725
TWD 31.879602
TZS 2649.998016
UAH 44.691549
UGX 3731.055245
UYU 40.209625
UZS 11825.000038
VES 783.68245
VND 26112
VUV 118.301391
WST 2.715944
XAF 562.604101
XAG 0.014519
XAU 0.000215
XCD 2.70255
XCG 1.802836
XDR 0.707052
XOF 564.999646
XPF 102.603315
YER 237.096279
ZAR 15.945903
ZMK 9001.20233
ZMW 19.050274
ZWL 321.999592
  • CMSC

    0.1120

    21.34

    +0.52%

  • CMSD

    0.2000

    21.26

    +0.94%

  • BCC

    -1.2000

    81.04

    -1.48%

  • JRI

    0.1100

    12.48

    +0.88%

  • NGG

    0.7500

    81.17

    +0.92%

  • GSK

    0.2900

    52.07

    +0.56%

  • RBGPF

    1.3300

    69.89

    +1.9%

  • AZN

    2.9500

    169.66

    +1.74%

  • RIO

    2.0100

    106.81

    +1.88%

  • BCE

    -0.2600

    23.59

    -1.1%

  • RELX

    -0.5100

    35.88

    -1.42%

  • RYCEF

    0.5500

    20.8

    +2.64%

  • BTI

    -0.2400

    56.47

    -0.43%

  • VOD

    0.1500

    16.13

    +0.93%

  • BP

    -0.8800

    42.86

    -2.05%

Iran's supreme leader defies US blockade as oil prices soar
Iran's supreme leader defies US blockade as oil prices soar / Photo: © AFP

Iran's supreme leader defies US blockade as oil prices soar

Iran's supreme leader declared Thursday that the United States had suffered a shameful defeat, defiantly rejecting a warning from President Donald Trump that an economically-punishing US naval blockade could be enforced for months to come.

Text size:

Oil prices hit a four-year high then fell back slightly, before Mojtaba Khamenei issued a written statement that was read out on state television declaring that Iran was now in the driver's seat in the crisis.

"Today, two months after the largest military deployment and aggression by the world's bullies in the region, and the United States' disgraceful defeat in its plans, a new chapter is unfolding for the Persian Gulf and the Strait of Hormuz," he said, hailing Iran's control over shipping in the strait.

Khamenei was wounded in the initial US-Israeli strikes that killed his father Ali Khamenei, and has not been seen in public since being named his successor as supreme leader on March 9.

The United States imposed a blockade on Iran's ports two weeks ago, while the Islamic republic has maintained its stranglehold over the strategic Strait of Hormuz since the start of the Middle East war in February.

"Any attempt to impose a maritime blockade or restrictions is contrary to international law... and is doomed to fail," Iran's President Masoud Pezeshkian said, in a statement that warned the blockade that began on April 13 would be "a disruption to lasting stability in the Persian Gulf".

- 'Choking' -

Trump is expected to receive a briefing on Thursday on new plans for potential military action in Iran from Admiral Brad Cooper, the head of US Central Command, two sources with knowledge of US planning told news platform Axios.

This week Trump has reportedly told oil executives and national security officials to prepare for a long US blockade designed to force Tehran to surrender its nuclear programme, and, speaking to Axios, said: "They are choking like a stuffed pig. And it is going to be worse for them."

US Central Command said Wednesday in a social media post that it had reached a "significant milestone after successfully redirecting the 42nd commercial vessel attempting to violate the blockade".

It said there are "41 tankers with 69 million barrels of oil that the Iranian regime can't sell", estimating the value at more than $6 billion.

Oil prices struck a four-year high on Thursday. International benchmark Brent crude soared more than seven percent to $126 a barrel, but then eased in midday trading in London.

"The world is facing the biggest energy crisis in history," International Energy Agency chief Fatih Birol said at a high-level meeting on the energy transition at IEA headquarters in Paris, adding that oil prices were "putting a lot of pressure in many countries".

Trump faces domestic political pressure to end the war, which is unpopular even with much of his base, has increased costs for American consumers and has unnerved US allies.

Iran's economy is also suffering and the rial has fallen to historic lows against the dollar.

Iran has sought to extract a price for being attacked by exerting control over the Strait of Hormuz, the narrow waterway through which about one-fifth of global oil typically transits.

Top US officials, including Vice President JD Vance, twice turned back last week from trips to Pakistan to negotiate with Iran.

US officials contend they do not know who is speaking for Iran, whether it is the hardline and increasingly empowered Revolutionary Guards or diplomats, after Israeli strikes killed a series of top leaders.

Iran's leaders have, however, sought to present a united front, sometimes even posting the same message simultaneously on social media.

- 'Heartbreaking' -

Tehran residents speaking to AFP journalists in Paris reported a sense of despair that the Islamic republic government was clinging to power and the negotiations have stalled.

Huge crowds of flag-waving government supporters gathered Wednesday in the capital for street protests, while the ceasefire has allowed a return to nightlife for young residents who thronged elegant cafes, despite the uncertainty.

"It's a heartbreaking situation. We had no control over either the previous war or the possibility of it starting again," one 28-year-old IT worker told AFP journalists in Paris via messaging app from the Iranian capital.

"Everything is so disappointing."

Iran proposed easing its chokehold over the Strait of Hormuz if Washington lifts its blockade and broader negotiations take place. But the Trump administration has insisted that Iran's nuclear programme be on the table.

Violence has continued on the war's Lebanese front, despite a recently extended ceasefire between Israel and Hezbollah, the Iran-backed armed group that drew Lebanon into the war by firing rockets at Israel. Israel responded with strikes and a ground invasion.

Israeli strikes on southern Lebanon killed nine people, among them two children and five women, the health ministry said Thursday, shortly after Lebanese President Joseph Aoun denounced what he called "continuing Israeli violations" of the nearly two-week-old ceasefire.

burs/dc/ser

T.Mason--TFWP