World
Not ‘a litre of oil’ to pass Strait of Hormuz, expect $200 price tag: Iran
Warning comes as 400 million barrels of oil are being released from global reserves during waterway’s closure.
Published On 11 Mar 2026
Iran’s Islamic Revolutionary Guard Corps (IRGC) says it will not allow “a litre of oil” through the Strait of Hormuz as the closure of the key Gulf waterway continues to roil global energy markets during the US-Israeli war on Iran.
A spokesperson for the IRGC’s Khatam al-Anbiya Headquarters said on Wednesday that any vessel linked to the United States and Israel or their allies “will be considered a legitimate target”.
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“You will not be able to artificially lower the price of oil. Expect oil at $200 per barrel,” the spokesperson said in a statement. “The price of oil depends on regional security, and you are the main source of insecurity in the region.”
Global oil prices have fluctuated wildly this week during continued US-Israeli attacks against Iran, which has retaliated by firing missiles and drones at targets across the wider Middle East.
The closure of the Strait of Hormuz, through which about one-fifth of the world’s oil supplies transit, and production slowdowns in some Gulf countries have raised concerns of further disruptions.
Concerns around the duration of the war, which began on February 28 and has shown no sign of abating, are also adding to uncertainty, sending oil prices soaring.
On Wednesday, three ships were hit by projectiles in the Strait of Hormuz, maritime security and risk firms said, including a Thai-flagged cargo vessel that came under attack about 11 nautical miles (18km) north of Oman.
Release of oil reserves
World leaders, including members of the Group of Seven (G7) and the European Union, have been mulling what action to take in response to the war’s impact on global economies.
Christian Bueger, a professor of international relations at the University of Copenhagen and an expert in maritime security, said Europe will be facing “a major energy supply crisis” if the Strait of Hormuz is not reopened.
“For the shipping industry right now, it’s impossible to go through the Strait of Hormuz,” Bueger told Al Jazeera. “And if there are not stronger signals in the near future that they can at least try to go through the strait, then we are looking at a major shipping crisis, which can last weeks if not months.”
On Wednesday, the International Energy Agency (IEA) announced that its 32 member countries had unanimously agreed to release 400 million barrels of oil from their emergency reserves to try to lower prices.
“This is a major action aiming to alleviate the immediate impacts of the disruption in markets,” IEA Executive Director Fatih Birol said during an address from the agency’s headquarters in Paris.
“But to be clear, the most important thing for a return to stable flows of oil and gas is the resumption of transit through the Strait of Hormuz,” he added.
The reserve supplies will be made available “over a timeframe that is appropriate” for each member state, the IEA said in a statement without providing details.
German Economy and Energy Minister Katherina Reiche said earlier in the day that the country would comply with the release while Austria also said it would make part of its emergency oil reserve available and extend its national strategic gas reserve.
Meanwhile, Japan’s Ministry of Economy, Trade and Industry said it would release about 80 million barrels from its private and national oil reserves.
Japanese Prime Minister Sanae Takaichi said the country, which gets about 70 percent of its oil imports through the Strait of Hormuz, would begin releasing the reserves on Monday.
World
Canada’s Carney under pressure to act after synagogues shot at in latest antisemitic incidents
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Over the weekend, two Toronto synagogues were attacked by gunfire. Several days earlier, another synagogue was hit by around twenty gunshots on the Jewish holiday of Purim.
Though the three attacks caused no injuries, many in the Jewish community are demanding concrete action from Prime Minister Mark Carney — not just words of comfort that have typically followed such antisemitic incidents.
Carney took to X saying that the “antisemitic and criminal attacks violate the right of Canadian Jewish men and women to live and pray in complete safety” and “represent a serious assault on the way of life of all Canadians.”
ISRAELI MINISTER WARNS CANADA IS ‘MARCHING TOWARD THE ABYSS’ AFTER JEWISH MAN ATTACKED IN FRONT OF CHILDREN
Temple Emanu-El in Toronto, Canada was shot at on March 3, 2026. No injuries were reported. (Nick Lachance/Toronto Star via Getty Images)
In the aftermath of the first synagogue attack, Israel’s National Security Council warned Israelis overseas to “maintain vigilance and adhere to safety precautions.” Among their suggestions were for Israelis to “conceal Jewish and Israeli identifiers while in public spaces,” to be aware of surroundings “in areas associated with Israel or Judaism,” and to “avoid visiting sites identified as Jewish or Israeli.”
On X, Israeli President Isaac Herzog said that “all eyes are on Canada: it’s time to halt the unprecedented wave of Jew-hatred that has erupted since October 7th.”
Anti-Israel demonstrators gather outside Union Station during a rally in Toronto, Ontario on Jan. 4, 2024. (Mert Alper Dervis/Anadolu via Getty Images)
Like many Western countries, Canada has seen a marked rise in annual antisemitic incidents since the Hamas terror attack in Israel on Oct. 7, 2023. The League for Human Rights B’nai Brith Canada found that there were 6,219 incidents of antisemitism in Canada in 2024. This constituted an average of 17 incidents per day, more than double the eight incidents per day calculated in 2022.
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While figures for 2025 have yet to be released, Public Safety Canada noted that from April to June 2025, “Among hate crimes targeting religion… the majority were directed at the Jewish community (69%).”
Conservative MP Roman Baber, said the behavior of Canadian Prime Minister Mark Carney and other liberal Canadian politicians have been “adding fuel to the fire of Jew hatred in Canada.”
Baber aimed further criticism at Carney, saying, “When the Prime Minister on the campaign trail says he knows there is genocide in Gaza, he engages in Jew hatred.”
General view of Beth Avraham Yoseph of Toronto synagogue in Thornhill, north of Toronto, Ontario. The place of worship was one of three synagogues attacked in early March 2026.
Baber was referring to an event in April 2025 during which a heckler yelled over a bustling crowd that “there is a genocide happening in Gaza.” Carney responded, “I’m aware, that’s why we have an arms embargo.”
SKYROCKETING ANTISEMITISM IN CANADA SPARKS CONCERN FOR COUNTRY’S JEWS AHEAD OF ELECTION
Carney later said that he did not hear the heckler use the term “genocide.”
Baber noted that “when the Prime Minister recognized the Palestinian state, he rewarded the brutality of Hamas, and he did so on the eve of Rosh Hashanah.”
In his announcement, released the day prior to the Jewish holiday, Carney claimed that recognizing “the State of Palestine, led by the Palestinian Authority, empowers those who seek peaceful coexistence and the end of Hamas,” and “in no way legitimizes terrorism, nor is it any reward for it.” He also claimed recognition “in no way compromises Canada’s steadfast support for the State of Israel, its people, and their security.”
Anti-Israel protesters gather outside the Beth Avraham Yoseph of Toronto synagogue on March 7, 2024. The place of worship was one of three synagogues shot at in the first week of March 2026. (Mert Alper Dervis/Anadolu via Getty Images)
Watchdog organization StopAntisemitism told Fox News Digital that “every day we are seeing painful reminders that antisemitism remains a real and dangerous threat. Acts of violence meant to intimidate or silence our community will not succeed. Loud and proud Jews will not allow hatred or fear to deter our Jewish way of life or our presence in the world. Not in Canada, in the United States, in Europe, and certainly not in Israel.”
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StopAntisemitism called for the perpetrators to “be punished to the fullest extent of the law so that justice is served and deterrence is clear.”
U.S. installations damaged in strikes
Iran has responded to the U.S.-Israeli assault on the country by launching drones and missiles at American targets across the Middle East, hitting embassies, killing U.S. soldiers, and damaging military bases and air defense infrastructure.
The New York Times has identified at least 17 damaged U.S. sites and other installations, several of which have been struck more than once since the war began. Our analysis is based on high-resolution, commercial satellite imagery, verified social media videos and statements by U.S. officials and Iranian state media.
The intensity of the retaliatory strikes has signaled that Iran was more prepared for the war than many in the Trump administration had anticipated, U.S. military officials say.
For this article, we are presenting satellite images to show the scale of the damage from Iran’s attacks on U.S. sites and installations. Many of these images have been circulating publicly on news sites and social media. But in cases where they have not been, we present the imagery we obtained from satellite image companies and show only a zoomed-out view of each location to limit the amount of detail viewable in those images.
Military sites
Iran has fired thousands of missiles and drones at both U.S. and allied country military sites across the region. The United States and its allies have intercepted most of them, U.S. officials say, but at least 11 American military bases or installations have been damaged — nearly half of all such sites in the region.
On Feb. 28, the first day of conflict, Iran targeted several U.S. military facilities, including Prince Sultan Air Base in Saudi Arabia; Ali Al Salem Air Base and Camp Buehring Base in Kuwait; and Al Udeid Air Base in Qatar, the largest U.S. base in the Middle East.
Satellite images show extensive damage to buildings and communication infrastructure at several locations.
A video taken on March 1 shows an Iranian drone exploding near sports facilities at Camp Buehring in Kuwait. No casualties were reported.
It is difficult to estimate the full cost of damage inflicted by Iran’s retaliatory strikes. A Pentagon assessment provided to Congress last week put the cost of the single strike on the U.S. Navy Fifth Fleet headquarters in Bahrain on Feb. 28 at about $200 million, according to a congressional official.
On March 1, an Iranian drone struck a structure housing military personnel at the Shuaiba port in Kuwait, killing six American service members.
Satellite imagery shows the roof of that building partially collapsed.
An additional U.S. service member was killed in a separate Iranian strike on March 1 at a U.S. base in Saudi Arabia, bringing the toll to seven, the Pentagon said on Sunday.
The pace of Iranian attacks has slowed since the war’s opening days, but the strikes have continued. Al Udeid Air Base, Ali Al Salem Air Base, Al Dhafra Air Base, Camp Buehring and the Navy’s Fifth Fleet headquarters have all been struck more than once.
Missiles launched from Iran have flown as far away as Turkey. On March 4, NATO intercepted an Iranian ballistic missile headed toward Incirlik Air Base in Turkey, according to a senior U.S. military official. The base hosts a large U.S. Air Force contingent. Iran’s military denied firing the missile.
A second Iranian missile entered Turkish airspace and was shot down by NATO, according to a Turkish defense ministry statement on Monday.
Air defense and communication infrastructure
Among the costliest American losses to infrastructure have been to the air defense systems that protect U.S. and allied interests across the Middle East.
Iran has systematically targeted radar and communications systems, including components of the Terminal High Altitude Area Defense system, known as THAAD, which uses a radar to track and intercept incoming aerial threats throughout the region.
At Muwaffaq Salti Air Base, an important hub for the U.S. Air Force in Jordan, satellite imagery from February shows radar equipment at the base’s southern edge. An image taken two days after the war began shows severe damage to what appears to be an air defense sensor.
Military budget and contract documents indicate a single radar unit of this type can cost up to half a billion dollars.
A video from Feb. 28 shows an Iranian drone striking the headquarters of the U.S. Navy’s Fifth Fleet in Manama, Bahrain, damaging what appears to be a communications radome, a weatherproof cover that protects radar and communication equipment.
Gulf nations have also bought air defense equipment from American companies and deployed them near critical infrastructure, including oil refineries. Those foreign radar systems share information with the U.S. military, forming what defense analysts describe as a de facto, expanded U.S. military sensor network.
Iran has targeted such sites where air defense equipment was recently observed, like the Al Ruwais facility in the United Arab Emirates. Satellite imagery of the site from last year shows a THAAD unit near storage structures.
A satellite image taken after Iranian attacks shows significant damage to the storage structures. The Times was unable to verify whether the mobile THAAD unit was inside the storage structures at the time of the strikes.
Near Umm Dahal in Qatar, a long range AN/FPS-132 radar — built at a cost of $1.1 billion to provide early warning coverage across a 3,000 mile radius — apparently sustained damage to its main radar structure, as seen in satellite imagery.
The full extent of damage to U.S. air defense and communication infrastructure remains unclear. Michael Eisenstadt, a director at The Washington Institute for Near East Policy, said that the affected radars would be difficult to repair or replace.
But Seth G. Jones, a president at the Center for Strategic and International Studies, said that the damage would most likely not significantly degrade U.S. military capabilities in this war. “The U.S. has such redundancy in collecting intelligence and other information from sensor networks, whether it’s land-based radars, aircrafts or space-based systems,” he said.
Diplomatic sites
Iran has also struck nonmilitary U.S. targets such as the consulate in Dubai, and embassies in Kuwait City, Kuwait, and Riyadh, Saudi Arabia, forcing temporary closures. There have been no reported injuries in any of these attacks.
On Saturday night, the U.S. Embassy in Baghdad was targeted in a rocket attack. No casualties were reported. It was not immediately clear who was behind it and how much damage was caused. It is not included in The Times’s tally of damaged sites.
Adm. Brad Cooper, the commander of the U.S. Central Command, said on March 7 that Iranian ballistic missile attacks had dropped 90 percent since the first day of the conflict and drone attacks by 83 percent. Despite the declining pace, Iran has continued to strike American targets across the region.
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