US EditionIran Warns Long War with US, Israel Would 'Destroy' World Economy
Iran's Revolutionary Guard fired on commercial vessels, threatening US and allies while global oil reserves are released to counter surging prices, the largest ever by IEA.
- After striking vessels in the Strait of Hormuz, Iran warned on March 11, 2026, it was ready for a long war of attrition that could destroy the world economy, according to Tehran.
- The US‑Israel strike that killed Iran's supreme leader on March 5 triggered escalation after authorities crushed protests last week.
- In Beirut, Israeli strikes hit apartment buildings, producing visible destruction and causing civilians to flee, with a bakery owner saying he pulled his family to safety after a second strike.
- IRGC threats prompted international firms Citi and Deloitte to evacuate Dubai employees after drones injured four near Dubai airport and port operations were suspended, as Israel Katz said, "This operation will continue without any time limit, as long as necessary."
- As the Strait of Hormuz becomes critical, analysts warn a prolonged closure could devastate shipments, prompting calls for restored navigation and an IEA 400 million-barrel release.
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41 Articles
Iran Says It's Ready to Destroy the Global Economy
If the Trump administration was expecting it’d quickly wrap up its “little excursion” in Iran like in a repeat of Venezuela, geopolitical reality had different ideas. On Wednesday, the Iranian government said it was ready for a long war that would “destroy” the global economy, Le Monde reported, as it continues to shut down a key passageway for oil supplies, the Strait of Hormuz. “Get ready for the oil barrel to be at $200 because the oil price…
Turkish President Recep Tayyip Erdogan has said that the world economy is in a state of greatest uncertainty since the start of Russia's full-scale war against Ukraine.
Iran attacked several ships in the Strait of Ormuz this Wednesday, key to oil transport, and said it is ready for a long war that will "destroy" the world economy.
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