[ANALYSIS] Iranian War Day 35: Regional strikes continue while the prospect of a near-term de-escalation remains thin
The ongoing conflict, with heightened strikes and escalating rhetoric from both the U.S.
South Korean Finance Minister says closely monitoring FX markets; says bold and stern measures will be taken against speculative trading and market-disturbing activity.
"Israel is preparing to act strongly against energy facilities in Iran if it receives the green light from Washington", via Al Jazeera citing a Yedioth Ahronoth report from March 31st
[ANALYSIS] Iranian War Day 35: Regional strikes continue while the prospect of a near-term de-escalation remains thin
Ukraine is reportedly ready to share its Black Sea maritime expertise as the UN Security Council prepares to debate a Bahrain-backed resolution on protecting shipping in the Strait of Hormuz, according to Kyiv Post
[DESK UPDATE] Easter Schedule: Given the ongoing Middle East conflict and the US NFP report on Good Friday, the desk will operate as usual across Good Friday (April 3rd), Easter Monday (April 6th) and the surrounding days.
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
MAIN POINTS:
- US President Trump threatened more strikes on Iran, saying bridges are next and electric power plants will also be hit if Tehran does not do “what has to be done”.
- Iranian Parliamentary Speaker Ghalibaf responded defiantly, saying Iranians will “bleed” to defend the country and warning the US and Israel that they will face the whole nation.
- Multiple explosions and fighter jet activity were reported across several Iranian provinces late Thursday and early Friday, including Khuzestan, Bushehr, Fars, Isfahan, Tehran, and Alborz.
- Residents reported blasts near military and energy sites, while air defences were activated in several areas.
- Regional attacks continued across Kuwait, Bahrain, Abu Dhabi, Iraq, Saudi Arabia and Israel.
- Iran reportedly drafted a protocol with Oman for Hormuz traffic.
TRUMP
- US President Trump said the largest bridge in Iran had come tumbling down and warned “much more to follow”.
- Trump said bridges are next, then electric power plants.
- Trump said it is time for Iran to make a deal before it is too late.
- Trump said the US military has not even started destroying what is left in Iran.
- Trump said the US has all the cards and Iran has none.
IRAN
- Iranian Parliamentary Speaker Ghalibaf warned that when it comes to defending the homeland, each and every Iranian will become a soldier of the country.
- Ghalibaf said in less than a week, around 7mln Iranians had already stepped up and declared they are ready to pick up arms and stand in defence of Iran.
- Iran’s military spokesperson said bigger, wider and more damaging attacks are coming soon.
- Iranian General Hatami said if the enemy tries to carry out ground operations, not a single person should survive.
- Iranian President Pezeshkian said Iran is not seeking to expand the scope of tension and war in the region.
- Pezeshkian said attacking Iran’s vital infrastructure shows an inability to achieve a sustainable solution.
- Iranian Foreign Minister Araghchi said striking civilian structures, including unfinished bridges, will not compel Iranians to surrender.
- Araghchi warned about any UN Security Council resolution about Iran.
- Iranian officials said no positive results have yet been seen from mediators’ efforts to end the war.
STRAIT OF HORMUZ
- UK PM Starmer’s government chaired a virtual summit with more than 40 countries on the future of the Strait of Hormuz.
- Sanctions on Iran were being considered if the Strait remains closed.
- The UN Security Council vote on the Strait of Hormuz is reportedly rescheduled to Saturday.
- Iran said it is to set tolls for ships passing through Hormuz.
- Iran reportedly drafted a protocol with Oman for Hormuz traffic.
- Iran said the Strait of Hormuz will not reopen based on US President Trump’s “absurd” display and that only Iran and Oman will decide the future of the strait.
- The IRGC said the situation in the Strait of Hormuz is under the full control of Iranian naval forces.
- Iranian military spokesperson Shekarchi said the Strait of Hormuz will be closed “long-term” to the US and Israel.
- UAE Minister said the UAE is ready to participate in any measures to secure navigation in Hormuz.
- EU foreign policy chief Kallas said the EU must scale up the Aspides naval mission and cannot afford to lose another critical trade route.
- UK PM Starmer’s government said allied military planners will discuss the Strait of Hormuz next week.
- French Foreign Ministry spokesperson said G7 and GCC countries will hold a meeting next week to discuss the situation in Hormuz.
- The Philippines said Iran has assured the safe passage of vessels.
- Russian Foreign Minister Lavrov warned against UN involvement in the Strait of Hormuz conflict.
REGIONAL STRIKES
- Kuwait’s National Oil Company said the Mina Al-Ahmadi refinery was hit in a drone attack, sparking a fire.
- Fire also erupted at Al-Ahmadi port refinery in Kuwait due to suicide drone attacks.
- Kuwaiti Army said air defences are currently intercepting hostile missile and drone attacks.
- Sirens sounded in Bahrain and Kuwait.
- Several explosions were reported in Bahrain, with reports US positions had been targeted.
- Severe explosions were reported in Abu Dhabi, and a missile was intercepted near KEZAD.
- Two drones targeted a US diplomatic facility near Baghdad airport.
- A drone hit the American base in Erbil, Iraq.
- Explosions were reported at a US logistics base near Baghdad airport and in American interests in Kuwait and Riyadh.
- Iran said it carried out a drone attack on US fighter jets at Al Azraq base in Jordan.
- Saudi Arabia said it intercepted five drones since Thursday.
- The IRGC on Thursday said it targeted the American army bases Ahmed Al-Jaber and Ali Al-Salem in Kuwait, and Al-Kharj in Saudi Arabia.
- The IRGC on Thursday said it targeted US-linked steel and aluminium facilities in Gulf states and warned that if Iranian industries are hit again, the next response will be more painful.
- Iranian forces also claimed attacks on American steel industries in Abu Dhabi and American aluminium industries in Bahrain.
- Iranian forces claimed to have targeted Oracle infrastructure in the UAE and data centres of Oracle in Dubai and Amazon in Bahrain, though Dubai later denied reports about Oracle’s data centre and called them fabricated.
- Yemeni forces said they carried out a third joint ballistic missile strike on Israeli targets.
- Israeli army said air defences intercepted a new wave of Iranian missiles.
- Reports described the Iranian attack as currently the widest since the start of the war so far.
and Iran, suggests a worsening geopolitical landscape with potential implications for energy markets and regional stability. As U.S. threats of further military action intensify, and Iran's defiance grows, traders should be vigilant for impacts on the oil markets, particularly around the Strait of Hormuz, and consider how increased military activity may affect risk sentiment and currencies such as the USD and JPY.
Related headlines
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 26 min ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports1 hour ago
- [MARKET ANALYSIS] Brent briefly tops USD 100/bbl as Middle Eastern tensions remain heightened5 hours ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent4 hours ago
- [MARKET ANALYSIS] European bourses under pressure as renewed US-Iran strikes drive energy higher; ITX SM hit despite mixed earnings while FORTUM FH surges on GOOGL deal5 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement5 hours ago
- [MARKET UPDATE] Fresh lows across fixed income and equity futures as energy prices continue to climb; Brent Nov remains north of USD 100/bbl4 hours ago
- OpenAI is reportedly projecting compute spending of c. USD 750bln through 2030 but still feels "really short" on computing power, NYT reports1 hour ago
- Japanese PM Takaichi says Japan will strengthen and diversify energy supplies, including oil, while boosting cooperation on critical minerals and supply-chain resilience with the US, Australia and other partners6 hours ago
- Dow (DOW) reportedly weighs exit from USD 20bln Saudi chemicals venture2 hours ago
- Silver Lake is reportedly to merge Cegid and Silae to form a European Co. selling accounting, HR and enterprise services, FT reports citing sources4 hours ago
- Analog Devices (ADI) and Alif Semiconductor today announced a definitive agreement under which ADI will acquire Alif in an all-cash transaction for USD 1.35bln2 hours ago
- Pakistan is reportedly considering strikes against Houthi targets in Yemen under the “Makkah Pact” defense framework with Saudi Arabia and Turkey, Kann's Kais reports; strikes may begin in the coming days and will be announced immediately after21 min ago
- Arabic sources reported intense clashes between mercenaries affiliated with Saudi Arabia and the UAE, reportedly following successive defeats by Houthi forces on various fronts in Yemen, SNN reports1 hour ago
- Alcoa (AA) files to sell USD 2.6bln senior unsecured notes due 2034 and 2036 with the funds to finance the South32 deal2 hours ago
- US official says in total, in the past week, the US has attacked and destroyed 10 Iranian oil tankers, i24 news reports1 hour ago
- There are signs the US is working to devise some means of striking Iran's nuclear sites, CNN reports2 hours ago
- Iran launched a drone at a tanker near Iraq, and at a tanker near the Emirates, reports i24's Stein3 hours ago
- IRGC official warns that further US aggression against Iran could trigger more unprecedented Iranian responses, IRNA reports3 hours ago
- Iran’s Foreign Ministry condemns US attacks on Iranian vessels and says Tehran’s strikes on US military bases and interception of American vessels constitute legitimate self-defence under international law3 hours ago
The whole workspace, free to try.
Try it free