Iranian Strikes Kill at Least 8 in Israel
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Iran, Israel
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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,
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.
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.
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,
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.
Hundreds of civilians, mostly in Iran, have been killed by dueling airstrikes despite international pleas for de-escalation.
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.
As the Israel-Iran conflict intensifies, India is increasingly at risk of collateral economic fallout, with energy security, trade routes, and key commercial interests facing growing uncertainty, it warned. The escalating hostilities, and rising regional tensions pose direct threats to India’s strategic and economic links with West Asia.