Tel Aviv attacks key gas depot in Tehran, Iran launches missile strikes at Israeli cities
Israeli forces launched fresh attacks on Iran on Saturday night, hitting the main gas depot of the capital Tehran and a large oil refinery in another part of the city, The New York Times reported.
Iran, on its part, launched missiles at several places across Israel, including the cities of Haifa and Tel Aviv. One person was killed in the strikes, Reuters reported, quoting Israeli media.
The attacks led to fears of a wider escalation of a conflict that began on June 12, when Israel struck what it claimed were Iranian nuclear targets and also on other sites with an aim of stalling Tehran's nuclear programme.
On Saturday, Israel attacked the Shahran fuel and gasoline depot in Tehran, which has at least 11 storage tanks, and set it ablaze, The New York Times reported. Israeli forces also hit Shahr Rey, one of Iran's largest oil refineries. Emergency personnel were trying to put out the fire that erupted due to the attacks.
Earlier in the day, Israel had also attacked a portion of the South Pars Gas Field, which is among the largest gas fields in the world and is crucial for Iran's energy sector.
Amid the conflict, a round of talks between the United States and Iran in Oman slated to be held on Sunday was cancelled, Reuters reported. Iran's Foreign Minister Abbas Araqshi said that dialogue could not take place while his country was facing Israel's 'barbarous' attacks.
The Israeli Defense Forces had on Friday hit sites in Tehran, Kermanshah and Tabriz, among other cities. Iran's main nuclear enrichment facility in Natanz was among the targets that were hit.
At least 78 persons were killed and 320 injured in the attacks. Iranian military chief Mohammad Bagheri and Hossein Salami, the chief of the Islamic Revolutionary Guard Corps, were among those killed in the attack.
On Saturday, Iran retaliated with missile attacks on Israel, killing at least three persons and leaving 80 injured.
Israel on Friday claimed that Iran was 'closer than ever' to obtaining a nuclear weapon, and said it had no choice but to ''fulfil the obligation to act in defence of its citizens'. Iran has for long maintained that its nuclear programme is for civilian purposes.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
37 minutes ago
- Time of India
Global energy crisis soon? As Israel targets Iran's South Pars gas field, oil prices may rise further to $200–$300 per barrel, warns Iraqi Minister. Here's what happened in Middle East conflict
The ongoing tension between Israel and Iran is raising fears of a global energy crisis . Iraq's foreign minister has warned that oil prices could rise sharply if the situation escalates, especially if vital energy routes like the Strait of Hormuz are blocked. Oil Price Could Surge Iraq's Deputy Prime Minister and Foreign Minister Fuad Hussein said that oil prices could increase to $200–$300 per barrel. He discussed this with German Foreign Minister Johann Wadephul. Hussein said that if the Strait of Hormuz is closed, oil exports could fall, affecting Iraq and other producers, an INA news agency report said. Impact on Global Energy Supply Hussein said that the closing of the Strait of Hormuz could remove five million barrels of oil per day from the market. Most of this oil comes from the Persian Gulf and Iraq. Such a disruption could cause serious economic effects, including higher inflation in Europe. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Casas contenedor sustentables en Guayaquil (Consulta precios) Casas Contenedor | anuncios de búsqueda Undo Also Read: Israel Iran Conflict: Israel attacks refueling plane at Mashhad Airport and gas facility near Iran's southern coast. Here's why Warning on Regional Instability Hussein also warned that the Israel-Iran conflict might create inflation and economic problems for both producing and importing countries. Iraq, as a producer, could face issues if exports are delayed or stopped. Live Events Iraq Calls for International Response The Iraqi minister said that Israeli military actions in Iran violate international law and regional sovereignty. He called on the global community to condemn these actions. He stressed that continued conflict could harm regional and global stability. Israeli Strike Hits South Pars Gas Field Iran had to halt gas production at South Pars after an Israeli airstrike caused a fire. Phase 14 of the gas field was hit, stopping 12 million cubic metres of daily production. This was the first Israeli strike on Iran's energy infrastructure. Also Read: Iran Israel Airstrikes: Will US join war? Here's what Trump said and who can mediate to resolve conflict South Pars Gas Field's Strategic Role The South Pars field is shared by Iran and Qatar. It provides two-thirds of Iran's gas and is used for power, heating and industry. Iran produces around 275 bcm of gas yearly, mainly for domestic use. A smaller portion is exported to Iraq. Broader Energy Risks Qatar exports gas from the same field. An attack here signals economic targets are now part of the conflict. Oil prices rose 14% after Israel's initial strike. Analysts warn more attacks could affect Qatar's LNG operations, disrupting supplies further. Escalation May Deepen Crisis If key energy points like Kharg Island or the Strait of Hormuz are hit, oil and gas prices may increase sharply. Iran's domestic energy crisis is already deepening due to gas shortages and power cuts. The latest strike worsens this issue and may raise global prices. FAQs Why could oil prices rise to $300 per barrel? Oil prices could rise due to the Israel-Iran conflict disrupting exports from the Persian Gulf and closing key trade routes like the Strait of Hormuz. What is the importance of the South Pars gas field ? South Pars supplies two-thirds of Iran's gas. A strike there affects domestic supply, signals economic warfare, and raises risks for energy security worldwide.
Time of India
an hour ago
- Time of India
Critical damage dealt to key nuclear site in Iran, says IAEA
TEHRAN: Israeli airstrikes dealt critical damage to a key Iranian nuclear facility during weekend airstrikes, according to the United Nations atomic watchdog, likely setting back Iran's uranium fuel cycle by months. The IAEA reported that multiple Israeli strikes against Iran's uranium-conversion facility at Isfahan, 400 km south of Tehran, resulted in serious damage. Successfully knocking out Isfahan would be significant because it's the only location for converting uranium into the feedstock used by centrifuges, which in turn separate the uranium isotopes needed for nuclear power or bombs. The IAEA reported late Friday that Israel had so far failed to damage Iran's Fordow enrichment complex, which is buried some 1,640 feet inside a mountain. Similarly, efforts to destroy to Iran's primary enrichment facility in Natanz have been limited to surface structures, with no detected breaches to the heavily-fortified underground enrichment halls. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Diplomats will convene in Vienna on Monday for an emergency session of the IAEA's board of governors. They're expected to discuss Israel's ongoing efforts to destroy Iran's nuclear infrastructure, as well the interruption to the IAEA's ability to verify the country's stockpile of near-bomb grade uranium.
Economic Times
an hour ago
- Economic Times
War is crude, but oil supply should be safe
Last week's spike in crude oil prices after Israel's attack on Iran was the highest since Russia's invasion of Ukraine, although the threat of supply disruptions is lower in this conflict. Russia has far bigger energy exports than Iran. But the risk of the conflict spreading to the Strait of Hormuz, vital to a larger oil supply from West Asia, is unnerving the capacity with Opec and Russia can offset the loss of Iranian output, which is principally exported to China by sea. Other Opec members like Saudi Arabia and Iraq are heavily dependent on the Persian Gulf for their oil exports. De-escalation efforts would be directed at keeping the Strait of Hormuz open, despite its strategic importance for both Israel and Iran. Threats by Tehran of widening the conflict may be hard to act upon after years of economic possible maritime oil trade disruption, however, will be cushioned by adequate global oil supply that has kept a lid on prices. Opec was facing resistance over production quotas, and had to accept breaches. Energy demand forecasts await clarity from tariff negotiations between the US and its principal trading partners. Geopolitical uncertainty amid a slowing global economy is providing some upside to oil. But its effects are unlikely to be as acute as a supply shortage. Prospect of crude oil prices climbing to $100 a barrel, and staying there for an extended period, is not high if the latest conflict does not spread to other parts of West disinflation has progressed far enough for monetary and fiscal policy to have turned decidedly expansionary. This may have to be calibrated to the evolving situation but may not need substantive review. India's economic momentum has been remarkably resilient through a series of shocks - Covid, energy shock and potential trade fragmentation. Despite loss of momentum, India is likely to retain its status as the fastest-growing major economy. Another energy shock appears less likely. And, possibly, less intense.
