Iran has warned that it will not allow ‘one litre of oil’ to be shipped from the Middle East if US and Israeli attacks continue after it unleashed a deadly airstrike on Bahrain.
US president Donald Trump last night threatened Tehran with ‘death, fire and fury’ if the regime continues to block oil exports.
The heightened rhetoric did little to quell a sharp retreat in crude prices and a rally in global shares, which came after Trump expressed confidence in a swift end to hostilities even after Iran appointed Mojtaba Khamenei as its new supreme leader in a signal of defiance.

Trump said on Monday the United States had inflicted serious damage on Iran’s military and predicted the conflict would end well before the initial four-week time frame he had laid out, though he has not defined what victory would look like.
Israel says its war aim is to overthrow Iran’s system of clerical rule.
US officials mainly say Washington’s aim is to destroy Iran’s missile capabilities and nuclear programme, but Trump has said the war can end only with a compliant Iranian government.
At least 1,332 Iranian civilians have been killed and thousands wounded since the US and Israel launched a barrage of air and missile strikes across Iran at the end of February.
Last night, a 29-year-old woman was killed in an Iranian attack on Bahrain as Tehran attacked its Gulf neighbours.
She was killed as eight other were injured following a hit on a residential building in the nation’s capital, Manama.