Iran, Israel and Oil Prices
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What's Keeping a Lid on Oil Prices
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Ukrainian President Volodymyr Zelenskyy says rising global oil prices following Israeli strikes on Iran will strengthen Russia by increasing its oil revenues, aiding its war effort in Ukraine.
Iran called on U.S. President Donald Trump on Monday to force Israel to cease fire as the only way to end the four-day-old aerial war, while Israeli Prime Minister Benjamin Netanyahu said his country was on the "path to victory".
The Israeli military claims its campaign has eliminated high-value targets, including nine senior scientists, and severely damaged Iran’s nuclear infrastructure. Iranian authorities confirmed damage to four critical buildings at the Isfahan uranium conversion facility,
The ongoing Israel Iran war has unleashed not only a massive aerial assault with missiles and drones causing heavy destruction in both the countries but could potentially impact global economy including India with whom the two have trade relations.
The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil supplies.
Israel's "preemptive" strikes against Iran targeting the country's nuclear program and killing top military officials could have far-reaching implications for Ukraine and could boost Russia's ability to continue its full-scale invasion,
President Donald Trump swapped the cool mountain breeze of Alberta, Canada, last night for swampy Washington, D.C., as he left the G7 summit early amid rising tensions in the Middle East. Trump is denying the accusation he left the summit to work on a ceasefire between Iran and Israel,
13hon MSN
Israel and Iran continued their attacks as Trump posted on Truth Social that Tehran’s population should evacuate, without providing further details.