Thu, 12 Mar 2026

Iran’s New Leader Upholds Strait Closure

Published: 12 Mar 2026, 09:40 pm

Photo : Collected

Ayatollah Mojtaba Khamenei, Iran’s newly appointed Supreme Leader, has declared that the strategic Strait of Hormuz will remain closed to international maritime traffic, signalling a firm continuation of Tehran’s hardline energy and security policy.

In his first address following his election, Khamenei stressed the significance of the waterway, through which roughly one-fifth of the world’s oil supply passes. The closure has already had an immediate impact on global energy markets, pushing crude oil prices above 100 US dollars per barrel.

Khamenei called for national unity in the face of external pressures. “The Strait of Hormuz is of strategic importance, and we will maintain control to exert pressure on our adversaries,” he stated. Analysts say this move underscores Iran’s determination to leverage its geographical position to influence regional and global energy flows.

Regional Alliances and Military Support

The Supreme Leader also highlighted the role of regional allies in sustaining Iran’s position. He confirmed that Yemen’s Houthi rebels “will continue to fulfil their responsibilities” in alignment with Tehran, and noted that armed groups in Iraq have expressed willingness to support Iran’s stance.

Expressing gratitude to the nation’s armed forces, Khamenei said: “Even under attack, our military has prevented Iran from becoming fragmented or subjugated. I extend my sincere thanks to the courageous soldiers performing exemplary duties under extreme pressure.” He further warned that “the blood of our martyrs will not go unavenged.”

Despite the emphasis on military measures, Khamenei reaffirmed Iran’s commitment to maintaining friendly relations with neighbouring states. “We seek friendship and cooperation with our neighbours. However, our operations against US military installations will continue as necessary,” he said.

The announcement comes in the aftermath of a major escalation. On 28 February, the United States and Israel launched attacks on Iranian territory, resulting in the death of the previous Supreme Leader, Ayatollah Ali Khamenei. On 8 March, his son, Mojtaba Khamenei, was formally elected as Iran’s new Supreme Leader.

Strategic Importance of the Strait of Hormuz

FactorDetail
Length of Strait39 km
Global Oil TransitApproximately 20% of world supply
Recent Crude PriceOver $100 per barrel
Regional StakeholdersIran, Saudi Arabia, UAE, Qatar, Iraq
Security ConcernsNaval blockades, regional conflicts

Experts warn that continued closure or restrictions on the strait could further destabilise international oil markets and intensify geopolitical tensions across the Middle East. Khamenei’s speech underscores Iran’s dual approach: asserting strategic dominance while maintaining selective diplomatic engagement with regional neighbours.

REHAB Leaders Meet Housing Minister Over Crisis

Leaders of the Real Estate and Housing Association of Bangladesh (REHAB) met with Housing and Public...

Police Advise Safety Measures for Eid Travel

With the approach of the holy festival of Eid-ul-Fitr, the police have issued comprehensive safety g...

India to Supply Diesel to Bangladesh if Available

Amid escalating global energy tensions triggered by the potential for a U.S. strike on Iran, many co...

US Calls for Iranian Uprising Stir Historical Fears

Tensions in the Middle East have resurfaced as former US President Donald Trump, alongside Israeli P...

Middle East Conflict Cancels 28 More Flights

Ongoing tensions in the Middle East have continued to disrupt air travel, with safety concerns promp...

Bridal Procession Turns Tragic in Fatal Crash

A joyous wedding celebration in Bagerhat’s Rampal Upazila ended in horror on Thursday (12 March) whe...

Anthrax Outbreak: Three Hospitalised in Natore

At least twelve residents of Gurudaspur Upazila in Natore have fallen ill after consuming meat from...

Couple Killed in Manikganj Highway Crash

A tragic road accident on the Dhaka–Aricha Highway in Manikganj district has claimed the lives of a...

Police Operation in Tongi Slums Leads to 16 Arrests

In a concerted police operation conducted early Thursday morning, law enforcement authorities in Ton...

US Insurance Sector Sees Executive Reshuffle

Several leading firms in the United States insurance industry have unveiled significant senior leade...

HSBC and StanChart Most Exposed to Middle East Conflict

March 12, 2026 (Reuters) – Among European banks, HSBC and Standard Chartered face the greatest expos...

Horrific Bus-Microbus Collision Kills 13 in Bagerhat

Bagerhat, Bangladesh – A tragic head-on collision between a Bangladesh Navy bus and a passenger micr...