Gold Price Today In India: Check 22kt, 24kt Rates In Your City On June 22
Gold prices in India stayed steady on June 22 after a week of decline due to Israel-Iran tensions. Check latest prices in India.
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Time of India
14 minutes ago
- Time of India
'Pray it doesn't escalate into WW3,' says Former J-K DGP SP Vaid on US strikes in Iran
Shesh Paul Vaid, the former Director General of Police (DGP) of Jammu and Kashmir, expressed grave concerns over the potential escalation of the Israel-Iran conflict as the United States joined in on the hostilities by striking three Iranian nuclear facilities. Vaid said that he hopes Iran does not attack US facilities or bases, claiming that the response of the US to that would be "doomsday for the world." "If Iran attacks US facilities or US bases in the region, then the US will respond in a big way, and it can escalate into World War III. I only pray to God that it doesn't happen; otherwise, it will be doomsday for the world," Vaid told here. Vaid also highlighted the capabilities of the US military, noting that B-2 bombers and bunker-buster bombs were used in the strike, tools that are exclusively available to the US. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Encontre voos low-cost Voos | Anúncios de Pesquisa Saiba Mais Earlier, Vaid had expressed his support for US President Donald Trump's decision to strike the sites, writing in a post on social media, stating, "Finally Iran is denuclearised." Following the strikes, Iranian Foreign Minister Abbas Araghchi condemned the US, calling it a serious violation of international law, the UN Charter and the Nuclear Non-Proliferation Treaty (NPT). Live Events Further, Iran's mission to the UN has demanded an urgent meeting of the Security Council following the US attacks on its nuclear facilities. The mission described the US bombing as a "blatant and illegal aggression," and demanded it be condemned in the strongest possible terms. The top Iranian diplomat accused the US, a permanent member of the United Nations Security Council (UNSC), of "lawless and criminal behaviour" by targeting what he described as peaceful nuclear installations. In his first public remarks since carrying out 'precision' strikes in Iran, Trump warned that he could order further action if Tehran does not agree to a satisfactory peace agreement. As per a report in CNN, which cited a US official, the US used six B-2 bombers to drop a dozen "bunker buster" bombs on the Fordow nuclear site. Navy submarines fired 30 TLAM cruise missiles at two other sites, Natanz and Isfahan, and a B2 dropped two bunker busters on Natanz, the official said. US President Donald Trump has also threatened Iran with further military action if peace is not achieved in the region. He made the remarks in his first public statement since the "precision" strikes on three Iranian nuclear facilities--Fordow, Natanz and Esfahan - by the US on Saturday (US local time).
Hindustan Times
33 minutes ago
- Hindustan Times
Owaisi slams US strikes on Iran, calls it violation of international law
AIMIM president Asaduddin Owaisi on Sunday strongly condemned the US airstrikes on Iranian nuclear facilities, calling the move a blatant violation of international law and even the Constitution of the United States of America. AIMIM chief Asaduddin Owaisi speaks to the media, in Hyderabad on Wednesday. (ANI - X/File) The US officially joined Israeli campaign against Iran, launching airstrikes on Saturday targeting three key Iranian nuclear sites—Fordow, Natanz, and Esfahan. Follow Israel-Iran conflict live updates US President Donald Trump later confirmed the strikes on Truth Social, declaring them a 'spectacular military success,' and claimed that Iran's nuclear enrichment infrastructure had been 'completely and totally obliterated.' Reacting to the US strikes, Owaisi said, 'The strikes carried out this morning by the US on nuclear sites in Iran are a violation of international law, and even of the US Constitution itself." The Trump entry marks a dramatic escalation in the ongoing Iran-Israel conflict, with the US now directly involved. Trump described the operation as a 'historic moment' for the US, Israel, and the world, and issued a stern warning to Tehran: 'Make peace or face greater and easier attacks.' Congress leader Pramod Tiwari, on US strikes on Iran's nuclear facilities, said, 'The world operates on international laws, and violating the sovereignty of any nation is a serious crime. The US is carrying out bombings from so far away, I just want to say that such actions were taken against our neighboring country, like Iran, who have stood with India during difficult times, is not good and on the other side, our government is silent on all this." RJD leader Manoj Jha said the entire world is going through a period of great turmoil, and the US President has played a significant role "in shaping this situation.' Shiv Sena (UBT) MP Priyanka Chaturvedi took a clever jibe at the growing coordination between the United States and Israel over the recent strikes on Iran's nuclear facilities. "America voted for President Trump but got Netanyahu as their boss," the UBT leader said.
Hans India
an hour ago
- Hans India
Oil prices may surge as US attack on Iran heightens geopolitical tensions
New Delhi: The US bombing of Iran's nuclear sites has led to a widening of the Israel-Iran war and a further escalation in geopolitical tensions that could lead to a surge in global oil prices, which have already shot up by close to 20 per cent this month. The benchmark Brent crude futures were trading at around $77 a barrel, and the market is reported to be bracing for another spike in prices with the US having stepped into the Middle East conflict. A wider Middle East conflict is expected to have an impact on oil supplies from Saudi Arabia, Iraq, Kuwait and the UAE, which would lead to a sharp spike in the prices. Shipping could also get hit as the Houthi rebels have already warned that they would resume their attacks on ships if the US attacked Iran. India imports around 85 per cent of its crude oil requirement, and a surge in oil prices can lead to an increase in its oil import bill and push up the rate of inflation, which can hurt economic growth. The larger outflow of foreign exchange can also lead to a weakening of the rupee vis-a-vis the US dollar. According to a report by Emkay Global, Iran produces around 3.3 million barrels per day (mbpd) of crude oil (3 per cent of global) and exports around 1.5 mbpd, with China being the main importer (80 per cent), followed by Turkey. Iran is also on the northern side of the Strait of Hormuz/Persian Gulf through which 20mbpd+ of oil trade flows from countries such as Saudi Arabia and the UAE. In the past, Iran has warned of blocking this route. However, with OPEC+ announcing another higher-than-expected production hike in July, fundamentally oil markets remain well supplied and further Iranian supply cuts can be accommodated, the Emkay report states. As far as the impact on the Indian economy is concerned, the report states: 'As of now, we are not changing our forecasts and continue to see CPI inflation undershooting RBI's estimate of 3.7 per cent to average much lower 3.3-3.4 per cent in FY26. We note that every $10/bl increase in oil leads to an annualised gain of 35 bps in CPI inflation. Emkay Global said it maintains FY26 CAD/GDP at 0.8 per cent, at Brent 70/bbl, with every 10$/bbl leading to upside risk of 0.4-0.5 per cent, other things remaining equal. 'Our energy team maintains a positive view on India's oil market companies on the back of strong marketing margins and core GRMs (gross refining margins), also holding up to $75/bbl Brent for the remaining part of the year, the report added.
