United Kingdom navy to escort British shipping in Strait of Hormuz

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Brig. General Gholamali Abuhamzeh said that the Iranian military has identified 35 "vital" American targets within their reach and pointed out that there are numerous warships patrolling the Strait of Hormuz. "Some 35 USA targets in the region, as well as Tel Aviv, are within our reach".

Britain was forced to protect its ships through the world's most important shipping route a year ago after Iranian commandos seized a British-flagged tanker in the strait.

Major-General Qassem Soleimani, the popular head of the Revolutionary Guards' foreign operations arm, was killed in a United States drone strike outside Baghdad airport last Friday, ratcheting up tensions between the arch-foes.

The United States killed a powerful Iranian general in an attack with drones in Iraq on Friday.

Addressing a ceremony on Friday evening, General Gholamali Abuhamzeh, the commander of the IRGC in Iran's southern province of Kerman, said Iran reserves the right to take revenge against the USA for the assassination of commander of the IRGC Quds Force. Yet now, with Iran threatening to retaliate for the U.S.

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British military leaders are concerned of another attack after two oil tankers were assaulted in the Gulf of Oman in June. Two oil tankers near the strategic Strait of Hormuz were reportedly attacked on Thursday, an assault that left one ablaze and adrift as sailors were evacuated from both vessels and the U.S. Navy rushed to assist amid heightened tensions between Washington and Tehran.

The online report said the stampede happened in Revolutionary Guard General Qassem Soleimani's home town of Kerman, in south-eastern Iran. "Under global law, the United States has the right to defend itself against those who represent an imminent threat to its citizens".

Pimchanok Vonkorpon, director-general of the Commerce Ministry's trade policy and strategy office, said tensions between the United States and Iran would cause fluctuations in currency and stock market values, leading to an immediate rise in gold and oil prices. It also represents around 21 percent of the world's global petroleum liquids consumption.

Even if the Strait of Hormuz was closed, some Gulf countries, mainly Saudi Arabia and UAE, have alternative export routes on the Red Sea and the Arabian Sea.