Thirty-five rockets were fired from Lebanon towards Safed in northern Israel, with most landing in open areas and causing no harm, according to the Israeli military. The Lebanese armed group Hezbollah claimed responsibility for the attack, adding to the escalating tensions between Israel and Hezbollah along the border. Since October 8, there has been a …
Prices of crude oil for future contracts declined on Monday as tensions between Israel and Iran seemed to calm down, seemingly providing some breathing room for commodity prices as no oil supply was directly threatened by recent developments in the Middle East. Over the weekend, Israel reportedly carried out a “limited” attack on Iran, to …
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NYT says attack was ‘calibrated’ to show Israel’s capability to dodge Iran’s air defenses, make Tehran ‘think twice’ before another assault; Iran’s FM claims it merely faced ‘toys’ The alleged Israeli strike overnight Thursday-Friday on Iranian air defenses near the Natanz nuclear site used a high-tech missile that was able to evade Iran’s radar systems, …
The United States Air Force has been developing missiles that have the capability to wreck the electronics of Iranian nuclear facilities using high-power microwaves, the Daily Mail reported. According to the news outlet, the missiles, which were built as a part of the Counter-Electronics High Power Microwave Advanced Missile Project (CHAMP), can carry out their …
Israeli forces launched three ballistic missiles in yesterday’s retaliatory strike on Iran, NBC News reported citing officials with knowledge on the matter. As per the officials, the missiles were air-launched and targeted an Iranian airbase. Furthermore, the officials noted that no targets in Baghdad were struck, although parts of the projectiles fell on the territory of …
As Israel maintained official silence on Friday’s reported attack on Iran, its analysts and officials weighed in on whether the scale of the assault was a sign of strength or weakness. “Iran must understand that when it acts against us, we have the ability to strike at any time, and we can do serious damage,” Eyal Hulata, …
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Iranian state media confirmed an attack by Israel in the early hours of Friday and said the “sabotage” operation involving drones had failed. Israel launched a retaliatory strike on Iran following last week’s missile and drone barrage from Tehran, according to two US officials, though media from both countries appeared to downplay the severity of …
Continue reading “Iran Acknowledges Drone Attack by Israel and Says It Failed”
Analysts at Standard Chartered said they think geopolitical risk in oil has escalated significantly and the market is underpricing that risk. “We think Iranian actions and statements on 13-14 April represent a significant escalation in geopolitical risk that is likely to persist for an extended period,” the analysts said in the report. “We are not …
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Israel struck targets in western Iran, two US officials Say Explosions reported in central city of Isfahan Iran says Isfahan nuclear site is safe Oil, gold, wheat jump on fear of Middle East conflict
Crude oil exports from Iran hit the highest level in six years during the first quarter of the year, data from Vortexa cited by the Financial Times has shown.The daily average over the period stood at 1.56 million barrels, almost all of which was sent to China, earning Tehran some $35 billion.“The Iranians have mastered the …
Continue reading “Iran’s Oil Exports Climb to the Highest Level in 6 Years”