US strikes Iran again as Tehran warns of 'existential war' with America
XLE•Iran threatens other shipping routes
Iran has been trying to assert permanent control over shipping in the Strait of Hormuz and to impose fees on vessels passing through it, in what would be a major shift in the balance of power in a region where the U.S. has long acted as guarantor of security.
Shipping traffic through the strait has dropped to a fraction of its pre-war activity.
Iran's Islamic Revolutionary Guard Corps said on Wednesday it had struck U.S. military targets in the region, including in Bahrain, Kuwait and Jordan.
It also threatened on Wednesday to shut off more regional energy exports, saying the U.S. "must brace for the closure of all other export corridors that benefit the U.S. and its allies."
Analysts say Iran is signalling it may use its Houthi allies in Yemen to shut Bab el-Mandeb, which would open a new front against Washington and put two of the world's most vital energy arteries at risk.




