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  "path": "/partner/iran-warns-ready-for-long-war-that-would-destroy-world-economy",
  "publishedAt": "2026-03-11T16:33:53.000Z",
  "site": "https://nukta.com",
  "textContent": "\n\n\n\nIran said Wednesday it was prepared for a prolonged war of attrition that could \"destroy\" the world economy, after firing on two commercial ships and warning any vessels from the U.S. or its allies.\n\nAs Tehran tightened its chokehold on the Strait of Hormuz, a crucial route for global oil, U.S. President Donald Trump said the war would end \"soon,\" claiming little remained for U.S. forces to target in Iran.\n\nOil prices have surged since Feb. 28, when the United States and Israel attacked Iran, killed its supreme leader, and plunged the Middle East into conflict.\n\nIn an attempt to stabilize markets, the International Energy Agency said member countries would release 400 million barrels of oil from reserves — the largest-ever release.\n\nWith the war in its 12th day, Iran's Revolutionary Guard pledged to target \"economic centers and banks\" linked to U.S. and Israeli interests, prompting firms to evacuate employees from Dubai.\n\nAll eyes were on the Strait of Hormuz, through which 20 percent of global crude and LNG passes.\n\n\"The U.S. and Israel must consider the possibility that they will be engaged in a long-term war of attrition that will destroy the entire American economy and the world economy,\" said Ali Fadavi, adviser to the Revolutionary Guards' commander-in-chief, on state television.\n\nIran said it struck the Liberian-flagged container ship _Express Rome_ and the Thai bulk carrier _Mayuree Naree_ after the vessels entered the strait \"ignoring warnings of the IRGC naval forces.\"\n\nOman's navy rescued 20 crew members, while efforts continued to find three others. Thai navy images showed black smoke pouring from the vessel.\n\n### Gulf airport, fuel tanks hit\n\nAnalysts warn that a prolonged closure of the strait, which carries a third of the world’s fertilizer supply, could devastate the global economy, especially in Asia and Europe.\n\nFrench President Emmanuel Macron urged G7 leaders to restore navigation in the strait \"as soon as possible,\" and the U.N. called on all parties to allow humanitarian cargo to pass.\n\nIran escalated economic pressure by targeting U.S. allies in the Gulf.\n\nDrones fell near Dubai airport on Wednesday, injuring four, the city government said.\n\nU.S. financial group Citi and British consulting firm Deloitte asked staff to evacuate Dubai offices, AFP sources reported.\n\nDrones also struck fuel tanks at Oman's Salalah port, according to Oman News Agency. Private security firm Vanguard Tech reported the southern section of the port had suspended operations.\n\nThe economic impact is adding pressure on Trump, who faces criticism for launching the war without full preparation.\n\n\"Any time I want it to end, it will end,\" Trump told Axios.\n\n### Fireball in Beirut\n\nIn Israel, Defense Minister Israel Katz said: \"This operation will continue without any time limit, as long as necessary.\"\n\nIsrael reported a new wave of strikes across Iran and on Hezbollah targets in Beirut.\n\nIsraeli attacks hit an apartment building in central Beirut, the second major strike in the city since the war began.\n\nAFPTV live footage captured a fireball erupting from the multi-story residential building. An AFP correspondent saw destroyed walls on the seventh and eighth floors and damaged cars nearby.\n\n\"When it hit, I ran from room to room, pulled my wife and daughter out, then the second strike hit,\" said bakery owner Fawzi Asmar, describing the attack.\n\n### ‘Living despite everything’\n\nThe U.S.-Israel strikes followed weeks after Iran crushed mass protests, though Washington and Jerusalem say they do not aim to topple the Islamic Republic.\n\nIranian authorities warned against dissent, with police chief Ahmad-Reza Radan saying protesters would be treated as \"enemies.\"\n\n\"All our forces are also ready, with their hands on the trigger, prepared to defend their revolution,\" Radan said, according to IRIB.\n\nIn Iran, residents adapted to living under frequent strikes. \"We've put our faith in God. For now, there’s food in shops,\" said 70-year-old Mahvash in Tehran.\n\n\"People are calm,\" another resident said. \"They are getting used to living despite everything.\"\n\nThe war began with U.S.-Israel attacks that killed Iran's supreme leader, Ayatollah Ali Khamenei.\n\nHis son Mojtaba Khamenei has been named successor, though he has not appeared publicly and may be wounded.\n\n\"I heard news that Mr. Mojtaba Khamenei had been injured. I asked friends with connections,\" wrote Iranian President’s son Yousef Pezeshkian on Telegram.\n\nTehran’s ambassador to Cyprus, Alireza Salarian, told _The Guardian_ that Mojtaba was injured in the strike that killed his father.\n\nIran’s health ministry reported more than 1,200 killed and over 10,000 civilians injured in U.S. and Israeli strikes, figures AFP could not independently verify.",
  "title": "Iran warns ready for long war that would 'destroy' world economy"
}