Live Update
From the Liveblog of
Tuesday, March 3, 2026
Iran says will hit all Mideast economic hubs if US-Israeli attacks persist
A general with Iran’s Islamic Revolutionary Guard Corps warns that continued US-Israeli attacks will see Iran conduct reprisals against “all economic centers” in the Middle East.
“We are saying to the enemy that if it decides to hit our main centers, we will hit all economic centers in the region,” says Ebrahim Jabbari.
“We have closed the Strait of Hormuz. Currently, the price of oil is above $80 and will soon reach $200,” he is quoted as saying by Iranian news agency ISNA, as Brent crude climbed above $85 for the first time since July 2024.
Iran has struck targets in Israel and across the Gulf following the start of US-Israeli airstrikes on Saturday.
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