Dubai: Iranian fired drones towards Saudi Arabia and Kuwait early Tuesday as the war in the Middle East shows no sign of abating.
The Saudi Defence Ministry said it has destroyed two drones over the kingdom’s oil-rich eastern region, while in Kuwait, the National Guard said it shot down six drones attacking the county’s northern and southern areas.
Iran’s latest attacks on neighbouring Gulf States come as US President Donald Trump sends contradictory signals about how long the war could last, fueling uncertainty that’s causing markets to swing.
Trump Monday told Republican lawmakers that the war was likely to be a “short excursion,” but hours later posted on social media that “If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far.”
In an apparent response to Trump’s remarks published in Iranian state media, a spokesperson for the paramilitary Revolutionary Guard, Ali Mohammad Naini, said “Iran will determine when the war ends.”
Kamal Kharazi, foreign policy adviser to the office of the supreme leader, told CNN Monday that Iran is prepared for a long war.
He said he sees no “room for diplomacy anymore” unless economic pressure prompts other countries to intervene and stop the “aggression of Americans and Israelis against Iran.”
The US stock market careened through a manic Monday, going from a steep early loss to a solid gain as worries turned into hope that the war with Iran may not last that long.
Oil prices whipped from nearly $120 per barrel, the highest since 2022, back toward $90.
But prices later fell and US stocks rose on hopes that the war with Iran may not last much longer.
The war has choked off major supplies of oil and gas to world markets and sent fuel prices rising across the US.
The fighting has also led foreigners to flee from business hubs and prompted millions to seek shelter as bombs hit military bases, government buildings, oil and water installations, hotels and at least one school.
Iran’s attacks in the Strait of Hormuz have all but stopped tankers from using the shipping lane through which a fifth of the world’s oil is carried, and Iranian drones and missiles have targeted oil and gas infrastructure in major producers.
Attacks on merchant ships near the strait have killed at least seven mariners, according to the International Maritime Organisation.
Several US diplomatic missions have ordered all but key staff to leave.
The war has killed at least 1,230 people in Iran, at least 397 in Lebanon and 11 in Israel, according to officials.
AP
