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In his first statement since taking office, Iran's new supreme leader said the Strait of Hormuz, crucial to global oil supply, is staying shut. It's led the US to temporarily lift sanctions on Russian oil at sea — intertwining the Middle East war and Russia's war in Ukraine.

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00:01A Thailand-flagged ship smoulders, one of two vessels Iran hit on Wednesday, as it chokes off a key route
00:07for global oil supplies.
00:11Iran's blockade of the Strait of Hormuz, just to its south, has sent oil prices soaring.
00:16And its new supreme leader, or someone writing in his name, says this will continue.
00:21Mojtaba Khamenei was named supreme leader on March 8, after US-Israeli strikes killed his predecessor, his father Ali Khamenei,
00:28and set off a regional war.
00:30He's not been seen in public since, but State TV released this, his first statement since taking office, read by
00:37a news anchor.
00:40Certainly, the leverage of blocking the Strait of Hormuz must continue to be used.
00:45And opening other fronts where the enemy is highly vulnerable, if the war continues, will be considered while observing strategic
00:53interest.
00:54The statement also vowed vengeance for strikes, including an apparent US attack on a girls' school in the south of
01:00Iran that reportedly killed over 165 people, mostly children.
01:05And it urged Iran's Arab neighbors to close US military bases on their soil.
01:11Israel, a country with a record of assassinations inside Iran, is already threatening the country's new leadership, while encouraging Iranians
01:19to overthrow it.
01:21I wouldn't issue life insurance policies on any of the leaders of the terrorist organizations.
01:26This is their patron of terrorism.
01:29I don't intend to provide an exact report here about what we are planning or what we are going to
01:34do.
01:35But this is no longer just a conflict between the US-Israel alliance and Iran.
01:43Missiles have flown across the Middle East, with few countries unscathed.
01:47And Israel has reopened a front in Lebanon to its north, as it battles Iranian proxy Hezbollah.
01:53Strikes like these ones around Lebanon's capital Beirut continue, as Israel orders civilians out of much of Lebanese territory.
02:00The UN's High Commission for Refugees says the number of displaced people across the region has ballooned since the war
02:06began.
02:07According to UNHCR, more than 4.1 million people have been internally displaced in Afghanistan, Iran, Lebanon and Pakistan since
02:17the beginning of the escalation.
02:19Additionally, some 117,000 people have sought refuge in another country.
02:25But there are those who stand to gain from this war, at least as some analysts see it.
02:30The US has lifted sanctions on Russian oil at sea for 30 days, a loosening of a sanctions regime in
02:36place since Russia's 2022 invasion of Ukraine.
02:40While temporary and not expected to help Moscow much, it's a further boost to a country that's already seen oil
02:46exports boom since the war started.
02:48What our report shows is a 17% increase in Russia's oil export earnings in the first week of March
02:57compared to in February.
03:00And that means that they're earning from total fossil fuel exports 510 million euros every day in the month of
03:09March from that oil and gas exports used to finance that war in Ukraine.
03:13And so, the launch of one war helps push another war along, an intertwining of conflicts, both of which with
03:20no clear end in sight.
03:22Fu Hua Hung and John Van Trieste for Taiwan Plus.
03:28Fu Hua Hung and John Van Trieste for Taiwan Plus.
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