News about military conflict
US President Donald Trump has said the US-Israeli operation against Iran will end soon.
Obviously it’s not the country’s biggest problem, but for more than 200 hours some 90 million people in Iran have been living without internet.
The conflict in the Middle East has begun to have a noticeable impact on global apparel supply chains. Due to airspace closures and flight cancellations, many shipments from South Asia have been blocked at airports, creating serious problems for manufacturers and international retailers.
UPDATED. Israel’s massive strikes on 30 Iranian fuel depots “far exceeded” U.S. expectations and provoked a major rift between the allies for the first time since the military operation against Iran began.
The incident with an air strike on Nakhchivan is not related to Iran and will be investigated. This was stated by President of the Islamic Republic of Iran Masoud Pezeshkian during a telephone conversation with Azerbaijani President Ilham Aliyev.
Early this Monday morning in Asia, Brent crude was up about 15.5% to $107.16/bbl, while U.S. Nymex Light Sweet crude was up more than 17% to $106.77/bbl.
US President Donald Trump said that he is not satisfied with the appointment of Mojtaba Khamenei as the supreme leader of Iran. Donald Trump said this to the Fox News TV channel.
Iraq’s oil production has fallen sharply amid ongoing conflict with Iran and problems with exports through the Strait of Hormuz.
The escalating conflict in Iran has already caused fuel and energy prices to rise and stock markets to plummet.
Tehran is experiencing a “temporary shortage” of fuel amid U.S.-Israeli airstrikes, according to the governor of Iran’s capital province. Residents have been urged to refrain from unnecessary travel and save fuel.
The goal is to reduce the deficit on the world market by adding “hundreds of millions of barrels” of Russian oil caught in sanctions. The U.S. stresses that this is not an easing of sanctions pressure on Russia, but a measure to stabilize prices. Washington is also considering further lifting of sanctions on other Russian oil to increase supply.
The analysts compared the military capabilities of Israel and Iran in terms of manpower, air force, land systems, naval resources, defense spending and population.
The United Arab Emirates (UAE) is “at war” amid Iranian attacks but will come out of this situation stronger than before, UAE President Mohammed bin Zayed Al Nahyan has said. Abu Dhabi TV and Emirates News Agency quoted excerpts from the president’s first statement since the start of hostilities.
US President Donald Trump said today that Iran could be hit “very hard” and the list of potential targets for attacks could be expanded.
UNICEF expressed deep concern over the mass deaths of children in Iran following a strike on a girls’ elementary school in Minab on February 28.
Due to rising energy prices, the European currency is already suffering. The euro has fallen 2% against the dollar. The fall could be more significant if the war in Iran lasts longer than the “four weeks” that Trump spoke of.
World investors began to reduce investments in equity funds – for the first time in the last eight weeks. The reason was growing geopolitical risks in the Middle East and fears of accelerating inflation, Reuters reports with reference to the data of analytical companies.
The rise of the first cryptocurrency above $73,000 is a short-term rebound, not the start of a new bull market. This is the conclusion reached by CryptoQuant analysts.
The US President called Khamenei’s son “nothing” and intends to personally participate in determining the new leader of Iran. U.S. intelligence doubts the possibility of regime change.
In international relations, clearly illegitimate government actions can sometimes be morally justified. Although there are few historical examples of legitimacy trumping legality, they do exist. Whether the joint U.S.-Israeli war against Iran is one such case requires more attention than it has received so far.
