Israel vs Iran Conflict Iran And Israel Trade Strikes As Conflict Continues Middle East
Missiles were seen in the skies above Jerusalem late Saturday as Iran and Israel launched another round of missiles at each other.Israel released images of Israeli Prime Minister Benjamin Netanyahu meeting with his security cabinet late on Saturday as Israel and Iran traded a fresh round of missile strikes. News18 Mobile App - https://onelink.to/desc-youtube
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Time of India
31 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.
Time of India
an hour ago
- Time of India
‘Students being relocated': MEA issues latest statement on ensuring safety of Indians in Iran; says ‘other options also under examination'
Representative image (AP) NEW DELHI: Amid intensifying hostilities between Israel and Iran, the ministry of external affairs (MEA) on Sunday said that India is closely monitoring the security situation to ensure the safety and welfare of its nationals in both countries. In a statement, the MEA confirmed that the Indian Embassy in Tehran is 'continuously monitoring the security situation and engaging Indian students in Iran to ensure their safety.' It also revealed that 'in some cases, students are being relocated with the Embassy's facilitation to safer places within Iran,' adding that 'other feasible options are also under examination.' — ANI (@ANI) The embassy is also in contact with community leaders across Iran regarding the welfare of Indian citizens, it said. The assurance comes as airstrikes continue across Iran following Israel's 'Operation Rising Lion,' which targeted nuclear and military sites. Iran responded with a barrage of over 270 missiles, according to Israeli figures. As per the news agency AP, Israeli strikes have killed at least 406 people in Iran, while 14 people have died in Israel since Friday. The Indian Embassy in Iran earlier advised citizens to avoid all unnecessary movement and stay connected through an official Telegram channel created specifically for Indians in Iran. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Show Your Patriotism: American Flag Bald Eagle Garland Graddi Read More Undo 'We request everyone in Iran to join the below given Telegram Link to receive updates... Kindly note that this Telegram Link is ONLY for those Indian Nationals who are currently in Iran,' the embassy stated in a post on X. Additionally, several helpline numbers have been issued by Indian missions in both Iran and Israel. The Embassy in Israel said it is in constant touch with local authorities and monitoring developments closely. Explosions rocked Tehran as metro stations and mosques were turned into bomb shelters. Civilian casualties have mounted in Iran, while key infrastructure including oil refineries and nuclear research facilities have been damaged. The MEA is expected to continue issuing advisories as the situation unfolds. In the meantime, Indian nationals in the region have been urged to remain alert, follow official guidance, and limit outdoor movement.
