Zürcher Nachrichten - Iran warns of 'zero restraint' amid heightened gas and oil attacks

EUR -
AED 4.236833
AFN 76.142197
ALL 93.45107
AMD 420.704816
AOA 1059.063247
ARS 1713.99192
AUD 1.649976
AWG 2.076594
AZN 1.965807
BAM 1.955822
BBD 2.316627
BDT 142.031626
BHD 0.433705
BIF 3413.239071
BMD 1.153663
BND 1.476217
BOB 13.658156
BRL 5.861191
BSD 1.150213
BTN 109.651255
BWP 15.68318
BYN 3.345938
BYR 22611.798836
BZD 2.313326
CAD 1.617379
CDF 2624.584211
CHF 0.93183
CLF 0.027184
CLP 1073.37276
CNY 7.788731
CNH 7.790705
COP 3653.005322
CRC 522.40598
CUC 1.153663
CUP 30.572075
CVE 110.266262
CZK 24.240891
DJF 204.822345
DKK 7.480664
DOP 66.730764
DZD 153.303755
EGP 59.017676
ERN 17.304948
ETB 183.804404
FJD 2.554153
FKP 0.856626
GBP 0.855675
GEL 3.016876
GGP 0.856626
GHS 13.446154
GIP 0.856626
GMD 84.798688
GNF 10097.115581
GTQ 8.7761
GYD 240.602754
HKD 9.047262
HNL 30.819353
HRK 7.538386
HTG 150.391722
HUF 365.192535
IDR 20799.39394
ILS 3.533613
IMP 0.856626
INR 110.048515
IQD 1506.817248
IRR 1586431.11648
ISK 142.062532
JEP 0.856626
JMD 182.092084
JOD 0.817993
JPY 181.627012
KES 148.781703
KGS 100.888291
KHR 4660.799756
KMF 492.614593
KRW 1664.690302
KWD 0.356644
KYD 0.958511
KZT 545.026239
LAK 26048.298174
LBP 103004.479089
LKR 386.12442
LRD 207.612377
LSL 19.024918
LTL 3.406468
LVL 0.69784
LYD 7.359084
MAD 10.744823
MDL 20.10023
MGA 4919.056308
MKD 61.525704
MMK 2422.354323
MNT 4147.524662
MOP 9.292006
MRU 46.226529
MUR 54.222569
MVR 17.836069
MWK 1994.42283
MXN 20.013177
MYR 4.712949
MZN 73.731051
NAD 19.024918
NGN 1574.012366
NIO 42.330485
NOK 10.926464
NPR 175.442008
NZD 1.961512
OMR 0.443645
PAB 1.150213
PEN 3.898045
PGK 5.150059
PHP 70.667684
PKR 319.439457
PLN 4.312336
PYG 6858.078504
QAR 4.204648
RON 5.247557
RSD 117.498334
RUB 91.443047
RWF 1688.519328
SAR 4.320672
SBD 9.322873
SCR 15.583178
SDG 692.198315
SEK 10.985993
SGD 1.479693
SLE 28.499711
SOS 657.307524
SRD 43.587131
STD 23878.499126
STN 24.50028
SVC 10.064115
SZL 19.022218
THB 38.676603
TJS 10.616322
TMT 4.049358
TND 3.381339
TRY 54.813428
TTD 7.810089
TWD 37.273824
TZS 3047.993231
UAH 51.336988
UGX 4319.04944
USD 1.153663
UYU 46.28053
UZS 13768.157604
VES 860.282504
VND 30341.919148
VUV 137.643052
WST 3.154711
XAF 655.964509
XAG 0.020031
XAU 0.000285
XCD 3.117833
XCG 2.072924
XDR 0.815809
XOF 655.964509
XPF 119.331742
YER 274.922082
ZAR 19.102044
ZMK 10384.357384
ZMW 21.606247
ZWL 371.479082
  • CMSC

    0.0300

    21.84

    +0.14%

  • CMSD

    0.0900

    22.11

    +0.41%

  • BCE

    -0.0200

    21.68

    -0.09%

  • JRI

    0.0900

    12.96

    +0.69%

  • BCC

    1.0000

    76.38

    +1.31%

  • RIO

    -0.3300

    96.85

    -0.34%

  • NGG

    -0.4200

    79.97

    -0.53%

  • GSK

    -0.3800

    51.69

    -0.74%

  • AZN

    -1.7000

    169.64

    -1%

  • BTI

    -1.0400

    60.65

    -1.71%

  • VOD

    -0.3600

    15.78

    -2.28%

  • RELX

    -1.1900

    35.42

    -3.36%

  • RBGPF

    0.0000

    69.21

    0%

  • RYCEF

    -0.3100

    19.55

    -1.59%

  • BP

    1.0000

    45.22

    +2.21%

Iran warns of 'zero restraint' amid heightened gas and oil attacks

Iran warns of 'zero restraint' amid heightened gas and oil attacks

Iranian attacks on the world's largest LNG plant in Qatar and refineries in Saudi Arabia and Kuwait sent shock waves through energy markets Thursday as the United States said there was no deadline to end the Middle East war.

Text size:

Amid growing fears over the economic damage from the war, US President Donald Trump said there would be no repeat of Israel's attack on Iran's key South Pars gas field, but he warned of a furious US response if Tehran did not halt strikes on Qatar.

Iran responded that it would have "zero restraint" if its energy infrastructure was hit again.

Oil markets have already been shaken by Iran's blocking of the Strait of Hormuz.

But the international benchmark Brent surged 10 percent to $119 a barrel before falling back to $112, while European gas prices rose 35 percent, after Iranian missiles hit Qatar's huge Ras Laffan liquefied natural gas complex in retaliation for the Israeli strike on South Pars on Wednesday.

The nighttime attack on Ras Laffan, a repeated target since the start of the war on February 28, caused "extensive damage", QatarEngery said.

Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said the attack was "clear proof" that Iran was going past its vow to only target US interests in the Gulf.

And attacks blamed on Iran spread.

A drone crashed into the Samref refinery in Saudi Arabia's Red Sea port of Yanbu, the Saudi defence ministry said. The government reserved the "right to take military actions" in response.

In Kuwait, drone attacks sparked fires at the Mina Abdullah and Mina Al-Ahmadi refineries, which have a combined capacity of 800,000 barrels per day.

Even in Israel, media said an oil refinery in the port of Haifa was hit on Thursday, after the military warned of missiles launched by Iran.

- 'Zero restraint' -

Trump indicated he did not know in advance about Israel's raid on South Pars, which supplies about 70 percent of Iran's domestic needs. But he said he had told Israeli Prime Minister Benjamin Netanyahu not to hit more gas fields in Iran.

"We get along great. It's coordinated, but on occasion, he'll do something" that the United States opposes, Trump said.

Trump warned earlier that the United States would "blow up" South Pars if Tehran did not stop attacking Qatar. But he said Thursday there was no current plan to send troops into Iran.

Iran responded to the threats with defiance. The military's Khatam Al-Anbiya operational command vowed the "complete destruction" of Gulf energy infrastructure if the Israeli attack was repeated, according to a statement carried by Fars news agency.

Foreign Minister Abbas Araghchi said on social media there would be "ZERO restraint" if Iran's infrastructure was hit again.

- 'Safe passage' sought -

There is growing concern among the world's major economies over fallout from the conflict.

Britain, France, Germany, Italy, Japan and the Netherlands said they would "contribute to appropriate efforts to ensure safe passage through the Strait of Hormuz" but gave few details.

French President Emmanuel Macron condemned the "reckless escalation" in attacks and called for "direct talks between the Americans and Iranians on this matter".

UK Prime Minister Keir Starmer's office warned that "attacks on critical infrastructure risked pushing the region further into crisis", after talks with Macron and NATO chief Mark Rutte.

India and China also expressed new concern about their supplies which flow through the Hormuz strait. Fuel shortages have sparked long queues at petrol stations across Asia and increased costs around the world.

- No time frame for war's end -

US Defense Secretary Pete Hegseth said there is no time frame for ending the war, but that "we're very much on track" and Trump would choose when to end fighting.

"It will be at the president's choosing, ultimately, where we say, 'Hey, we've achieved what we need to,'" he told a Washington news conference.

Commentators said the energy attacks showed gaps between the United States and Israel over war tactics.

"The conflict is drifting into a war of attrition -- with no clear signs of regime collapse in Iran," said Danny Citrinowicz, a senior fellow at Israel's Institute for National Security Studies, on X.

The attacks "underscored just how unstructured this campaign has become -- lacking strategic clarity, long-term planning, and a defined end state".

US media said the administration could seek more than $200 billion in additional war funding from Congress.

"I think that number could move. Obviously it takes money to kill bad guys," Hegseth commented.

- Tehran queues -

Iran is meanwhile gearing up for the key holiday of Nowruz, the Persian new year, on Friday.

A US-based rights group has reported more than 3,000 people killed in Iran by the US-Israeli strikes, a figure that could not be independently verified.

In Tehran, however, there was little to suggest that the country was mired in war or that it had lost its supreme leader Ayatollah Ali Khamenei and other key officials in US-Israeli strikes.

Though security was more intense than usual Thursday, Tehran's city centre was filled with traffic jams and street vendors haggling over the price of clothes and fruit.

burs-tw/dcp

N.Zaugg--NZN