Israel and Iran trade heavy strikes for a 4th day
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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,
Iranian news media and residents of Tehran say the damage from the latest Israeli strikes appears to be significant, with several apartment buildings badly damaged. Residents say they are hearing ambulance sirens and fire trucks racing to the scenes and rescue workers are working to find casualties in the rubble.
If Iran’s crude oil supply gets disrupted by 0.5 to 1 million barrels per day, it could lead to global crude oil prices surging by 5 to 10 dollars per barrel in the medium term.
Both nations have vowed to retaliate “strongly” to each other’s deadly attacks with offensives that have have showed no sign of slowing so far.
Hundreds of civilians, mostly in Iran, have been killed by dueling airstrikes despite international pleas for de-escalation.
The escalating conflict between Israel and Iran is likely to be high on the agenda as world leaders gather in Canada on Monday.Sir Keir Starmer said that the G7 meeting in Alberta would provide an opportunity for allies to make the case for de-escalation in the “fast moving” situation in the Middle East,
Trump and Putin spoke for about an hour on June 14, with the Kremlin saying the Russian leader condemned the Israeli military operation against Iran
Israel and Iran struck at each other’s energy facilities over the weekend, a significant escalation that brings the conflict closer to an industry vital to the global economy and markets. The attacks so far have been limited,
"The full strength and might of the U.S. Armed Forces will come down on you at levels never seen before," Trump warned.
The UK government is trying to walk a tightrope on relations with Israel, expressing support for its military action against Iran while also criticizing the war in Gaza.
As the Israel-Iran conflict intensifies, gold prices have soared past ₹1 lakh in India, driven by renewed safe-haven demand. With geopolitical risks escalating and economic signals mixed, analysts recommend a cautious accumulation strategy.