Economy

Aussies: Trump May Bomb Iran as Soon as Next Month

Aussies: Trump May Bomb Iran as Soon as Next Month

The US, which in May pulled out of a landmark nuclear deal and said sanctions will be re-imposed on Iran within 180 days, has threatened to cut off access to the American banking system for foreign financial institutions that trade with Iran.

The Iranian commander, who previously called USA soldiers in Iraq pants-pissing wimps during a visit to Syria, said: "Have you forgotten that you were providing your soldiers with adult nappies and today you are threatening us?"

The combative message from Gen. Qasem Soleimani, chief of the Revolutionary Guard's elite Quds force, also suggested that Iran's leadership is willing to stoke tensions with the Trump administration as part of Tehran's efforts to project wider regional influence. "If you begin the war, we will end the war". We are ready to stand up against you.

Mr Soleimani's message was in essence a warning to the United states to stop threatening Iran with war or risk exposing itself to an Iranian response.

President Donald Trump created a lot of buzz Sunday evening with his strongly worded tweet directed toward Iranian President Hassan Rouhani.

"I, as a soldier, respond to you", Soleimani further said.

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Oil prices steadied on Tuesday as tension between the United States and Iran highlighted risks to supply and trade disputes raised prospects for slower economic growth and weaker energy demand.

Earlier, Rouhani gave a speech warning the USA that a military confrontation with Iran would result in the "mother of all wars".

As the August 6 deadline for the re-imposition of United States sanctions against Iran looms, its foreign ministry called on Europe on Tuesday to provide practical guarantees that will ensure Tehran's interests.

Iran has already filed a complaint against the US with the International Court of Justice, citing its withdrawal from the Iran nuclear deal and sanctions against Tehran, Rohani said.

He also said that the Red Sea, a critical waterway linking the Suez Canal and the Indian Ocean basin, was "no longer secure" with US military assets stationed in the area.

Both crude benchmarks Brent Crude and WTI have fallen this month as suppliers from Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries (OPEC) plus Russian Federation had increased. "Iran, as the superior power in the Persian Gulf and the Strait of Hormuz, has always guaranteed security of shipping in the vital waterway and the global economy and enjoys the power to make any move (it desires) in this region", Baqeri reportedly said.