Iran attacks on Mideast shipping and energy infrastructure send oil prices soaring

Unrelenting Iranian attacks on shipping traffic and energy infrastructure pushed oil above $100 a barrel Thursday, as American and Israeli strikes pounded the Islamic Republic with no sign of an end to the war in sight.

Iran hit a container ship off the coast of Dubai, caused a blaze near Bahrain's international airport, targeted a major Saudi oil field with a drone and forced Iraq to halt operations at all of its oil terminals after attacking its port of Basra on the Persian Gulf.

Iran flouted a U.N. Security Council resolution from the previous day demanding that it halt strikes on its Gulf neighbors, with new attacks also reported in Kuwait and the United Arab Emirates.

Sirens wailed before dawn in Jerusalem as Israel intercepted incoming Iranian missiles, and loud booms were heard later in the day in another attack on the city.

Israel launched a "wide-scale wave of strikes" on Tehran and in Lebanon, where Israel says it is targeting Iran-linked Hezbollah militants, 11 people were killed in two early morning strikes.

Since the United States and Israel started the war with a Feb. 28 attack on Iran, Tehran has focused on inflicting enough global economic pain to pressure them to halt their attacks.

U.S. President Donald Trump suggested that was not imminent, however, promising to "finish the job" even though he claimed Iran is "virtually destroyed."

"We don't want to leave early do we? We've got to finish the job," he said at an event Wednesday in Kentucky.

Iranian Supreme Leader Ayatollah Mojtaba Khamenei hasn't yet made a statement or been seen since being chosen to succeed his father Ayatollah Ali Khamenei, who was killed in the opening day of the conflict. But Iranian President Masoud Pezeshkian suggested online Thursday that for the war to end, the world would need to recognize Iran's "legitimate rights," pay reparations and offer guarantees against future attacks.

In addition to attacking energy infrastructure around the region, Iran has a stranglehold on the Strait of Hormuz, the waterway leading from the Persian Gulf toward the Indian Ocean through which a fifth of the world's oil is transported.

Amid speculation that the U.S. might target Kharg Island in the Persian Gulf, Iran's main oil terminal, Iran's parliamentary speaker threatened that any attempt to take Iranian islands would "make the Persian Gulf run with the blood of invaders."

"The blood of American soldiers is Trump's personal responsibility," Mohammad Bagher Qalibaf added in a social media post.

With traffic in the strait effectively stopped, the price of Brent crude oil, the international standard, rose another 9% to more than $100 a barrel, up some 38% over what it cost when the war started.

Iran fires at Gulf Arab countries and hits ship in Persian Gulf

The U.N. Security Council voted Wednesday to approve a resolution demanding a halt to Iran's "egregious attacks" on its Gulf neighbors, but Tehran showed no signs of changing its strategy.

As the day began Thursday, a container ship in the Persian Gulf was hit with a projectile off the coast of Dubai, sparking a small fire, according to British military's United Kingdom Maritime Trade Operations Center. It said the crew of the vessel were safe.

In Bahrain, an Iranian attack sparked a major fire on Muharraq Island, home to the country's international airport. Sirens sounded again later in the morning with more incoming Iranian fire.

Kuwait's Defense Ministry said an Iranian drone smashed into a residential building, wounding two people. The UAE said it had activated air defenses twice to protect Dubai from attacks, and firefighters extinguished a blaze at a tower in Dubai Creek Harbor after a drone hit.

Saudi Arabia said it shot down a drone targeting the diplomatic quarter of the capital, Riyadh, and also reported downing drones in the kingdom's east, including at least one trying to target its Shaybah oil field.

Following an attack on Iraq's Basra port Wednesday that killed at least one person, officials said Thursday that operations were halted at all the country's oil terminals.

Farhan al-Fartousi, the director-general of the General Company for Ports of Iraq, said the attack targeted a vessel in a ship-to-ship transfer area of the Persian Gulf port.

In the UAE, CitiBank said it would close all its branches except one due to a threat by Iran, not yet realized, to target financial institutions in the region. Other financial institutions have reportedly urged their staff to work from home for the time being.