Wednesday, March 11th 2026
Gulf countries intercept new waves of Iranian drones and missiles. The United Arab Emirates warned residents early Wednesday local time to stay in a safe place, and its Defense Ministry said its air defenses were “responding to missile and drone threats from Iran”.
Saudi Arabia said it had intercepted six ballistic missiles aimed at Prince Sultan Air Base in the past two hours. It has also intercepted several drones in eastern parts of the country, the Defense Ministry said.
Sirens were also heard in Bahrain this morning, and the Interior Ministry there urged residents to go to the nearest safe place.
Saudi Aramco, the world’s biggest oil exporter, said on Tuesday there would be “catastrophic consequences” for global oil markets if the war in Iran continues to disrupt shipping in The Strait of Hormuz.
Oil shipments are largely blocked from passing through this shipping artery, where roughly 20 percent of the world’s oil would otherwise pass.
Iran’s Revolutionary Guards said on Tuesday that they would not allow even “one liter of oil” to be transported from the Middle East if the US and Israeli attacks continue.
“There would be catastrophic consequences for markets. world oil, and the longer the disruption lasts… the more drastic the consequences will be for the global economy,” said Aramco CEO Amin Nasser.
“While we have faced disruptions in the past, this is undoubtedly the biggest crisis the oil and gas industry has faced in the region.”
The crisis has not only disrupted the shipping and insurance sectors, but also promises drastic domino effects in aviation, agriculture, the automotive industry and other sectors, he added.
Nasser pointed out that global oil supplies are at a five-year low and said the crisis will lead to a faster decline in supplies, adding that it is essential that shipping traffic in the strait continues.
Currently, Aramco is not exporting oil from the Gulf because ships cannot load cargo from there. However, Aramco is meeting most of its customers’ needs, he said.
The East-West Pipeline is used to transport Arab Light and Arab Extra Light crude oil to the Red Sea port of Yanbu. The pipeline is expected to reach its full capacity of seven million barrels per day in the coming days as customers are redirected, he added.
In addition to the pipeline, Aramco is also able to route crude to domestic demand, he noted.
A small fire from last week’s attack on Aramco’s Ras Tanura refinery, the country’s largest, was quickly extinguished and brought under control. control, Nasser said, adding that the refinery was in the process of being restarted.
Iran says its policy of reciprocal attacks is “over,” a spokesman for Tehran’s military command, Khatama al-Anbiyaa, said in a statement.
Tehran’s policy now will be “attack after attack,” said spokesman Ebrahim Zolfaqari.
Tehran “will not allow even a liter of oil” to pass through the Strait. of Hormuz to reach the United States, Israel and their partners, Zolfaqari added. “Any ship or tanker heading towards them will be a legitimate target.” /tesheshi.com/
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Source: prizrenpost
