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Trump orders a renewed blockade of Iran, and Iran threatens to block more important seaways.
– Iran’s Islamic Revolutionary Guard Corps has threatened to close “all other export corridors that benefit the US and its allies”, Iranian media reported, after Iran shut the Strait of Hormuz and the US reimposed a naval blockade of Iranian ports.
“Regional energy exports are either shared by all, or denied to all,” the IRGC said in a statement carried by Iran’s IRNA state news agency on Wednesday.
Analysts have said Iran has been signalling it may use its Houthi allies in Yemen to shut the Bab el-Mandeb gateway to the Red Sea, opening a new front against Washington and putting two of the world’s most vital energy arteries at risk.
The narrow gateway links the Red Sea to the Gulf of Aden, through which Saudi oil exports and a substantial share of global shipping pass.
A senior Houthi official warned on Monday that the group was prepared to close the Bab el-Mandeb Strait – a move he said could send oil prices soaring to $200 a barrel – if Saudi Arabia continued to attack Yemen, according to a report on Iran’s Press TV website.
Houthi forces fired missiles at Saudi Arabia after accusing the kingdom of bombing an airport under their control on Monday, breaking a four-year truce in the conflict between the kingdom and the Iran-aligned group.
The Houthis have already shown they can choke global commerce through the Bab el-Mandeb. After the Gaza war erupted in October 2023, the Iran-backed group launched attacks on commercial shipping in the Red Sea, saying it was targeting vessels linked to Israel in support of Palestinians.
The latest threat to global shipping comes a day after the US military said it began a fresh round of strikes “to continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz.”
The United States said Iran had attacked seven commercial ships over the last week, leading to nearly a dozen crew members being killed, missing or injured.
The US military said late on Tuesday that it hit dozens of military targets near the Strait of Hormuz and Iranian coastal areas. The wave of strikes lasted seven hours, the US Central Command said in a statement.
‘END OF AMERICA’S EVILS’
The IRGC said on Wednesday that the Strait of Hormuz would remain closed until what it described as “the end of America’s evils”. Before the war began in February, about a fifth of global oil and gas shipments passed through Hormuz each day.
The Guards said they had targeted what they described as command-and-control, logistics, fuel and military equipment facilities belonging to the US Fifth Fleet in Bahrain, in response to the latest US strikes in the Strait of Hormuz.
They also said they had set fire to and destroyed what they described as a US logistics facility in Kuwait’s Mina Abdullah and that their air force had struck what they described as a US base at Azraq in Jordan, targeting aircraft hangars. They said some of the US attacks had been launched from bases on Jordanian territory.
Earlier on Wednesday, Kuwait’s state news agency reported that a fire was brought under control at a site targeted in Iranian attacks. It was not immediately clear whether the fire was at the same site referred to in the IRGC statement.
Jordan’s air defence intercepted and shot down three ballistic missiles that entered the country’s airspace from Iranian territory early on Wednesday.
The hostilities between Iran and the US re-ignited last week, fraying an already fragile truce reached in June after several months of fighting that has killed thousands.
TRUMP THREATENS TO HIT ENERGY TARGETS
US President Donald Trump on Tuesday threatened to hit Iranian power plants and bridges next week unless Tehran resumes negotiations.
“I’ll save the energy targets for last, but ultimately we’ll hit energy targets,” Trump said in an interview with Fox News’ Trey Yingst.
US negotiators had been in touch with their Iranian counterparts to tell them “you better make a deal”, Trump added.
As tensions escalated, Trump on Monday floated the idea of a 20% fee on shipping through the strait, which drew sharp criticism from the UN shipping agency and others. On Tuesday, he scrapped the idea and said, without providing details, that he would instead seek investment deals with Gulf states.
Oil prices rose on Wednesday, after closing up 2% to a one-month high on Tuesday, as the latest attacks deepened a supply disruption in the Strait of Hormuz.
For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its highest since June 15. Both contracts rose further in early Wednesday trading.
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The PCB will host the Sri Lanka U-17 Men’s Championship bilateral series in October.
Sri Lanka U17 will travel to Pakistan next month to take part in a bilateral series against Pakistan U17, the PCB announced today. During the tour, both sides will play one three-day and five one-day matches.
All matches will be staged at the Multan Cricket Stadium in Multan from 9 to 24 October.
Sri Lanka U17 will arrive in Multan on Monday, 5 October and both sides will take part in practice sessions from 6 to 8 October at the Multan Cricket Stadium. The three-day match will then take place at the same venue from 9 to 11 October.
Following the three-day match, Pakistan U17 will play five one-day matches against Sri Lanka U17 from 15 to 24 October.
Currently, the U17 players are taking part in a Skills Development Camp, which commenced in Faisalabad on Thursday, 30 July. Earlier this year, the PCB also hosted the National U17 Cup in Faisalabad, which was won by Rawalpindi U17 Region.
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New attacks in Hormuz and Saudi test nerves as war’s spread worsens oil disruption
New strikes on Saudi Arabia and on ships in the Gulf tested nerves in the Middle East on Sunday, after an attack on a Saudi oil pipeline and an advance by Yemen’s Houthis threatened to worsen the wartime disruption to global energy supplies.
Oil traders were expecting prices to rise again when markets reopen on Monday, following the weekend developments that jeopardise supplies from the world’s biggest exporter, Saudi Arabia.
The British maritime security agency UKMTO said on Sunday that a vessel had been struck by a projectile as it moved through the Strait of Hormuz, causing a fire and forcing the crew to be evacuated. Iran, for its part, said one person was killed and four crew wounded aboard an Iranian commercial vessel struck off its coast.
In Saudi Arabia, state media released video of damage to homes and a mosque from the purported latest cross-border attack by the Houthis, in Jazan province in the south. The Houthis claimed separately to have struck a Saudi military base in a neighbouring province.
Southern Saudi cities have experienced regular alerts since last week, culminating in drone strikes on Friday that knocked out the 1,200-km (745-mile) east-west pipeline across the Arabian Peninsula that has served as the main route for global supplies of Middle East oil bypassing the Strait of Hormuz.
That same day, the Houthis captured Perim Island, which lies in the middle of the Bab El-Mandeb, the “Gate of Tears” strait that controls the mouth of the Red Sea.
U.S. DIESEL HITS ANOTHER RECORD
Oil prices surged above $100 last week for the first time since July. The politically sensitive retail price of diesel fuel in the United States rose on Sunday to another all-time high above $6.20 a gallon.
Traders and Saudi oil buyers told Reuters on Sunday that Riyadh has enough oil stored at its Red Sea port of Yanbu to maintain exports for just five to seven days if the pipeline struck on Friday remains shut.
After that, as much as 4% of global oil supply could be jeopardised, on top of the millions of barrels a day already lost to the disruption to traffic through the Strait of Hormuz.
Saudi Arabia has not given full details of the extent of damage to the pipeline or said how long it will remain offline. Sources that spoke to Reuters have given conflicting estimates for the time needed to fix it, ranging from days to weeks. Satellite images have shown huge columns of smoke from locations along the pipeline.
TALKS IN OMAN POSTPONED
After a quiet August when flows of Middle East oil trickled back up, the past two weeks have seen a steady escalation in the war that the United States and Israel launched six months ago. No peace talks have been held since an interim agreement in June collapsed after a few weeks.
In a rare diplomatic initiative, Iranian officials had said they would attend a meeting on Monday with Gulf Arab states in Oman to present an agreement they say has been reached with Oman governing future shipping routes through the strait.
But Oman’s foreign minister, Sayyid Badr Albusaidi, posted late Sunday that the regional meeting had been postponed “in the interests of consensus.”
“We remain committed to fostering dialogue that supports stability and lasting cooperation in our region,” he wrote in a post on X.
Iran’s Fars news agency cited an Iranian foreign ministry official on Sunday evening as saying that the Oman meeting was postponed at the request of some regional countries in a decision jointly made by Tehran and Muscat. The official said Iran would coordinate with Oman to determine a suitable date for holding the meeting, the agency said.
Iraq had said it would send a delegation, and a Gulf official had told Reuters that Saudi Arabia and Qatar would be represented by their foreign ministers.
A senior Iranian official had told Reuters on Saturday that officials would discuss Hormuz and other issues at the meeting, but added it would probably not yield a signed agreement to reopen the strait. Bahrain said it would not meet with any Iranians.
In an interview with London-based pan-Arab news outlet Al-Arabi Al-Jadeed, Iran’s Foreign Minister Abbas Araqchi said despite any agreement with Oman, Iran would not reopen the strait until the United States satisfies Tehran’s demands.
HOUTHI ADVANCES POSE NEW DILEMMA FOR WASHINGTON
The U.S. has so far failed to achieve the objectives President Donald Trump set out when he launched “Operation Epic Fury” in February: to end Iran’s nuclear programme, prevent it from being able to attack its neighbours and create conditions for its people to topple their rulers.
Iran, having withstood the superpower onslaught despite military and economic losses, hopes to emerge stronger than before the war, including with the newfound power to collect fees from ships that use the strait.
The attacks on Saudi Arabia and the Houthi advances in Yemen pose a new dilemma for Washington, which wants to support its Saudi allies and protect shipping but is wary of joining war on another front. The Houthi attacks have also left Gulf states with a difficult choice: accept growing economic pain or engage with Iran.
The Houthis, mountain fighters who captured Yemen’s capital in 2014, have been battling a Saudi-led coalition for more than a decade but had mostly kept out of the wider Middle East war until recent weeks. Their advance along the Red Sea coast is part of the biggest eruption of fighting in Yemen for years.
The United States bombed the Houthis for two months in 2025, but Trump halted that campaign after announcing the group had lifted a threat to attack Red Sea shipping.
Three sources told Reuters that Saudi Arabia’s de facto leader, Crown Prince Mohammed bin Salman, phoned Trump on Thursday asking for military aid to fight the Houthis, but was offered only intelligence support for now.
Trump acknowledged on Saturday that he had spoken to the crown prince, and said the Houthis had also phoned the U.S. administration, asking Washington to keep out of the Yemen war.
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Petrol hits Rs384.34, diesel reaches Rs415.83 per litre
– The PML-N-led federal government has increased the prices of petrol and high speed diesel (HSD) by Rs 4.10 and Rs 6.41 per liter respectively under the daily fuel pricing mechanism introduced in the country recently.
According to a notification issued by the Petroleum Department, the revised rates will come into effect from September 16, with petrol now priced at Rs 384.34 per liter and HSD at Rs 415.83 per liter. This recent increase comes against a backdrop of fluctuations in international oil markets and new tensions in the Middle East, which continue to impact global energy flows.
The Oil and Gas Regulatory Authority (Ogra) has also started publishing daily crude oil prices on its website as part of efforts to increase transparency and ensure that international oil price fluctuations are more quickly reflected in domestic prices. Petroleum Minister Ali Pervaiz Malik said the daily price is calculated based on the seven-day average price in the international market, which is in line with international practice.
The government had previously followed a two-week pricing cycle, but moved to weekly reviews in the wake of the escalating conflict in the Middle East.
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