An Iranian motorcyclist passes by a sign depicting the three supreme guides of Iran, Ayatollahs Ruhollah Khomeini (L), Ali Khamenei (C), and Mojtaba Khamenei, March 10, 2026, in Tehran (AFP / -)
Iran threatened on Tuesday the American president, dismissing his warnings from the previous day and promising that no more oil would leave the Middle East “until further notice.”
“Iran is not afraid of your empty threats. Stronger people than you have tried to eliminate the Iranian nation and failed. Be careful not to eliminate yourselves!” wrote Ali Larijani, head of Iran’s Supreme National Security Council, on X.
The Islamic Republic brushed off Donald Trump’s comments on Monday, talking about a war “nearly” over and vowing to strike “harder” if Tehran continued to disrupt oil flow in the region.
The armed forces of Iran “will not allow the exportation of a single liter of oil from the region to the enemy camp and its allies until further notice,” declared Ali Mohammad Naini, the spokesperson for the Revolutionary Guards, the ideological army.
The Iranian power effectively controls the strategically vital Strait of Hormuz, through which a fifth of the world’s oil and liquefied natural gas production transits.
India also noted the disruption in gas supply and decided to prioritize it for household consumption and transportation.
While the markets remain volatile, oil prices dropped by 5% in Asian exchanges and European gas saw a 15% loss following the panic on Monday.
Analysts are struggling to keep up with the conflicting statements and widespread strikes. “It is rare for markets to experience such volatility,” noted Ipek Ozkardeskaya, an analyst for Swissquote Bank.
Israel continues its attacks on Tehran and Lebanon, aiming primarily at Hezbollah’s strongholds in the south and east of the country as collateral damage in the war with Iran.
The Gulf monarchies are trying to protect their constantly targeted oil infrastructure.
The latest risk of regional escalation in the conflict involved a second Iranian missile being intercepted above Turkey on Monday. Iranian President Massoud Pezeshkian proposed a joint team with Turkish President Recep Tayyip Erdogan to investigate these incidents, as reported by Iranian media.
Turkey, without confirming, announced the deployment of a Patriot anti-air defense system in the central part of the country “to support the protection of (its) airspace.”
