Iran PUNISHES Israel, Rains 100+ Missile Firestorm On Tel Aviv, Haifa, Jerusalem; Death Toll Mounts
TOI.in
/ Jun 15, 2025, 05:45PM IST
Israel claims it destroyed four major Iranian targets, including Tehran's Defence Ministry HQ, a nuclear project site, and oil facilities, as part of its latest strikes. The Shahran oil depot and parts of the South Pars gas field were hit, triggering fires and partial shutdowns. In response, Iran launched missile and drone attacks on Israeli cities, killing at least seven. Israel reports 10 dead and over 300 injured in recent Iranian strikes, vowing to continue 'precise operations against terror infrastructure.'

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Economic Times
17 minutes ago
- Economic Times
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
Iraq's foreign minister warns that the conflict between Israel and Iran could push global oil prices to $200–$300 per barrel. A strike on Iran's South Pars gas field has reduced production. Further escalation in the region may disrupt exports, cause inflation and affect both energy producers and importers worldwide. Tired of too many ads? Remove Ads Oil Price Could Surge Impact on Global Energy Supply Warning on Regional Instability Tired of too many ads? Remove Ads Iraq Calls for International Response Israeli Strike Hits South Pars Gas Field South Pars Gas Field's Strategic Role Broader Energy Risks Escalation May Deepen Crisis FAQs 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 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 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 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 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 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 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 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 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 could rise due to the Israel-Iran conflict disrupting exports from the Persian Gulf and closing key trade routes like the Strait of Pars supplies two-thirds of Iran's gas. A strike there affects domestic supply, signals economic warfare, and raises risks for energy security worldwide.

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26 minutes ago
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India Today
26 minutes ago
- India Today
Amid Israel-Iran conflict, India balances ties with both nations carefully
India finds itself in a delicate position as tensions between Israel and Iran escalate, given its close but distinct strategic relationships with both countries. Top government sources told India Today that India's military ties with Israel and Iran are shaped by its core national interests - primarily defence, energy security and regional stability. With the conflict showing no signs of easing, India is carefully navigating its position, focusing on diplomacy and strategic autonomy to safeguard its long-term defence relationship with Israel has grown steadily over the years. Israel is now one of India's top defence suppliers, providing drones, radar systems and missile defence technologies such as the Barak-8. Both countries also collaborate on counter-terrorism, joint military exercises and defence innovation, making Israel a critical partner in India's national security contrast, India's relationship with Iran is largely shaped by historical and cultural ties and its role in India's energy and trade security. The Chabahar port, developed with Indian investment, serves as a vital link for trade with Afghanistan and Central Asia, circumventing Pakistan. Although direct military cooperation is limited, India and Iran have engaged in joint efforts on maritime security and anti-piracy operations in the region. The ongoing conflict between Israel and Iran presents a complex foreign policy challenge for India. The Indian government has called for restraint from both sides and pushed for diplomatic engagement. External Affairs Minister S Jaishankar has spoken to his counterparts in both Israel and Iran, conveying global concerns and stressing the urgency of returning to the dialogue broader approach is driven by its policy of strategic autonomy - ensuring balanced relations with both countries without being drawn into regional conflicts. Stability in West Asia is crucial for India, especially given its reliance on Iranian oil and the threat to its economic interests from prolonged its neutral stance, India has distanced itself from a recent Shanghai Cooperation Organisation statement that criticised Israel's military operations against Iran. The Ministry of External Affairs has reiterated India's consistent call for dialogue, diplomacy, and peaceful resolution of conflicts in the region. This posture underscores India's effort to uphold neutrality while preserving its partnerships and regional InMust Watch