Israel Strikes Iran: Oil prices rise by over 4 per cent after reports of Israeli strikes | Oneindia
Video Credit: Oneindia - Duration: 02:09s - Published
Israel Strikes Iran: Oil prices rise by over 4 per cent after reports of Israeli strikes | Oneindia
Oil prices surged by more than four percent on Friday following Israel's missile strikes on Iran, amplifying concerns of heightened tensions in the West Asia region.
The global benchmark, Brent crude, soared to $90.54 per barrel, while US West Texas Intermediate (WTI) crude futures spiked by 4.06 percent to $86.09.
With apprehensions mounting over a potential escalation of the Gaza conflict spreading beyond Israel's borders, there are growing fears of a significant impact on the global oil supply.
An Israeli reservist who served three tours of duty in Gaza has told Sky News in a rare on-camera interview that his unit was often ordered to shoot anyone.. Sky News
New details emerge on Gaza ceasefire proposal as Netanyahu heads to the White House
Diplomatic efforts are ongoing as US President Donald Trump looks to secure a ceasefire deal between Israel and Hamas. Israel has previously accepted the US proposal, meanwile Hamas has "submitted a positive response" to the mediators.
READ MORE : http://www.euronews.com/2025/07/06/new-details-emerge-on-gaza-ceasefire-proposal-as-netanyahu-heads-to-the-white-house
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Credit: euronews (in English) Duration: 01:00Published
Turkish President Recep Tayyip ErdoÄan has condemned Israelâs strikes on Iran as a reckless provocation that violates international law and risks igniting a global catastrophe. Calling it a âstrategy of bloodshed,â ErdoÄan warned Netanyahuâs government is sabotaging diplomatic efforts over Iranâs nuclear program to sustain regional chaos. Turkeyâs foreign ministry echoed the alarm, demanding urgent global action to prevent further escalation. As Ankara joins the growing chorus of condemnation, fears rise over a widening West Asia conflict and potential global fallout.
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Iran has launched over 100 Shaheed-136 kamikaze drones toward Israel in retaliation for Israeli strikes on nuclear and military sites in Tehran. Several UAVs have been spotted over Iraq as Israeli defense systems brace for impact. Supreme Leader Khamenei vows âpainful revenge,â while Israel declares a nationwide emergency. Jordan shuts its airspace amid escalating fears of regional war. With U.S. embassies issuing shelter orders and Trump denying involvement, concerns of a full-scale conflict in West Asiaâand possibly World War IIIâare mounting.
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Speaking in Qatar, former President Trump criticized U.S. defense contractors for producing drones at exorbitant pricesâcontrasting them with Iranâs $35Kâ$40K drones, which he called fast, cheap, and deadly. Trump recounted asking an American company to replicate Iranâs affordable drones, only to be presented with a $41 million model. His remarks spotlight rising defense spending and Iranâs rapid drone advancement, which has positioned the country as a major military force in West Asia. Trumpâs comments reignite debate over U.S. defense efficiency, cost, and competitiveness.
#Trump #Drones #DefenseSpending #IranDrones #MilitaryTech #WestAsia #USDefense #DroneWarfare #TrumpSpeech #Qatar #UAE #IranTech #MilitaryNews #BreakingNews #TrumpInQatar #USPolitics #DefenseBudget #WeaponSystems #TechGap #GlobalSecurity #ArmsRace #DroneStrike #MilitaryCost #TrumpQuotes #IranVsUS #USMilitary #DefenseIndustry #WarTech #TrumpVsDefense #TrumpTour #MiddleEastPolitics
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Oil prices surged as the U.S. joined Israel in striking Iran's nuclear sites, sending shockwaves across global markets. Tehran warned that U.S. aggression has widened its range of legitimate targets, with threats to close the Strait of Hormuz looming large. China condemned the attacks, calling U.S. credibility âdamaged.â Investors fear disruptions to global oil flow, with Brent briefly spiking to $81.40. Analysts say the mere threat of retaliation could keep prices volatile and inflated. Iran, OPECâs third-largest producer, now holds global energy markets at the edge of uncertainty.
#IranOil #StraitOfHormuz #OilPriceSurge #IranUSConflict #IsraelIranTensions #USIsraelIran #MiddleEastCrisis #OilMarketVolatility #TehranResponds #OilSupplyFears #BrentCrude #TrumpIranStrikes #IranRetaliation #ChinaSlamsUS #GeopoliticalRisk #OPECWatch #IranianResistance #HormuzClosureThreat #OilDisruption #IranStrikesBack
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