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Iran's new supreme leader signalled his country has no plans to surrender as it continues to choke off the critical Strait of Hormuz and target Gulf energy production and storage sites in retaliation for U.S. and Israeli strikes. The war has now left more than 2,000 people dead and displaced close to 800,000 in Lebanon, while the global energy market remains in a tailspin. 

Here are the major updates from throughout the day:

• In his first public remarks as Iran's new supreme leader, Mojtaba Khamenei vowed to continue fighting back against U.S.-Israeli attacks and block the Strait of Hormuz as a way to pressure its enemies to surrender. 
• Israeli Prime Minister Benjamin Netanyahu issued a veiled threat to Khamenei in his first news conference since the war began, saying, "I wouldn’t issue life insurance policies on any of the leaders of the terrorist organization."
• Iran continued to target energy production and storage sites in the oil-rich Gulf region, including oil refineries in the U.A.E. and Bahrain, and a container ship off the coast of Dubai. 
• U.S. gas prices hit a near two-year high today amid the ongoing disruptions to the global energy supply, reaching a national average of $3.60 US a gallon.
• The U.S. military said rescue efforts were underway after a refueling aircraft went down in western Iraq. U.S. Central Command said the aircraft was not shot down by hostile fire or friendly fire. No other details were available by Thursday evening. 

Conservative defence critic James Bezan said it's "really shameful" the Liberal government did not tell the public about a reported Iranian missile strike on an airbase in Kuwait where Canadian Armed Forces personnel are stationed.

The Canadian section at the Ali Al-salem Air Base appeared to be damaged by the March 1 attack, based on an analysis of satellite imagery, the newspaper La Presse reported today. No Canadian military members were injured.

"This is a failure of the government of not wanting to communicate, not being transparent and not sharing with Canadians exactly how Canada is impacted by this war," Bezan told reporters after the report was published.

Read more.

Amir Saeid Iravani, Tehran's ambassador to the UN, told reporters earlier Iran won't close off the critical waterway entirely.

"But it is our inherent right to preserve the peace and security in this water way," he said this afternoon. 

Earlier in the day, Iran's new supreme leader said blocking the strait should be used as leverage in the ongoing war against the U.S. and Israel. 

Iravani blamed Iran's aggressors for the current situation in the waterway, calling it a "direct consequence" of the strikes.

Prime Minister Mark Carney said he's working on "several dimensions" of response to the impact of the U.S. and Israel's war on Iran. 

That includes making sure Canada can supply "everything it can" to the global energy market as the vital Strait of Hormuz remains blocked off, he said, while taking questions in Yellowknife following an announcement about expanding Canada's military footprint in the North. 

The longer the conflict drags on, "the greater the disruptions" to energy markets and the global economy at large, Carney noted. 

"A world where the global economy is slower — that affects us."

The U.S. military says rescue efforts are underway after a refuelling aircraft went down in western Iraq. 

The incident happened over "friendly airspace" and was not due to hostile or friendly fire, U.S. Central Command said in a news release. 

A second aircraft involved in the incident landed safely, the news release said.

Trump repeated some of his usual rhetoric on the war at a women's history month event in Washington, D.C., this afternoon. 

He told the crowd during his opening remarks that the U.S. mission against Iran is "moving along very rapidly" and his administration is "doing what has to be done." 

"They [Iran] really are a nation of terror and hate and they are paying a big price right now," he added. 

Oil prices had another day of ups and downs, and U.S. markets responded to the swings accordingly. 

The Nasdaq closed down 1.7 per cent, while the Dow Jones Industrial Average dropped 739 points, or 1.5 per cent. The S&P 500 had slipped 1.5 per cent by the end of the trading day.

Brent Crude, the international standard for oil prices, is currently around $100 US per barrel. West Texas Intermediate, the U.S. standard, is sitting at $96 US. Both crept back up today, but are still nowhere near the peaks they reached on Monday.

Israeli Prime Minister Benjamin Netanyahu issued a veiled threat to kill Iran's new supreme leader as he sought to use his first news conference since the start of the war to defend his joint military assault with the U.S.

Netanyahu said Iran was "no longer the same" after nearly two weeks of U.S.-Israeli air bombardment and that Tehran had suffered blows to its elite Revolutionary Guards Corps and Basij paramilitary force.

Standing between two Israeli flags and taking questions via video link, Netanyahu vowed to keep hitting Lebanon-based Hezbollah militants after the Iran-backed group opened fire on March 2 to avenge the killing of Iran's supreme leader at the start of the war.

Asked about what actions Israel might take against Iran's new Supreme Leader Mojtaba Khamenei and Hezbollah chief Naim Qassem, Netanyahu said: "I wouldn’t issue life insurance policies on any of the leaders of the terrorist organization … I don't intend to give an exact message here about what we are planning or what we are going to do."

The Israeli leader said Iran and Hezbollah no longer pose the same threats they once did.

Netanyahu also said he and Trump speak daily and their conversations are free and open in nature.

Pro-Iranian hackers are targeting sites in the Middle East and starting to stretch into the U.S., raising the risk of American defence contractors, power stations and water plants being swept into a wave of digital chaos that could expand if Tehran’s allies join the fray.

Hackers supporting Iran claimed responsibility for a significant cyberattack yesterday against U.S. medical device company Stryker. A group known as Handala said the attack was in retaliation for suspected U.S. strikes that hit an elementary school in Iran. 

Since the war began Feb. 28, pro-Iranian hackers have also reportedly tried to penetrate cameras in Middle Eastern countries to improve Iran’s missile targeting. The hackers openly discuss their plans in Telegram and other online message boards. 

Experts say the hackers and their allies will aim for quick victories by targeting the weakest links in American cybersecurity. They could be local water plants or health-care facilities that lack the funds and know-how to install the latest software patches, for example.

"Iran and especially the proxies don't care how big or smart you are. This is about making an impact, about creating chaos," said James Turgal, a cybersecurity expert who spent 22 years as an FBI agent.

I'm a CBC correspondent in Washington, where the Trump administration and Republicans in Congress are closely watching the rising price of gas at the pumps and bracing for any political fallout.

The U.S. national average price of a gallon of gas today hit $3.60 US, according to automotive and travel services company AAA. That's the most it's cost to fill up here in nearly two years. 

AAA's records show the average price last hovered above the $3.60 mark for six weeks in April and May 2024, peaking at $3.67 per gallon. 

With the cost of living ranking as a top concern for U.S. voters, and midterm elections for control of Congress looming, the price of gas could be a factor in how long Trump is willing to continue the war. Here's a short video I put together about that.