US stock market crashes, oil crosses $85; Khamenei will be buried in Mashhad – TOP 10 UPDATES of Iran Israel War

Middle East Crisis, Iran vs Israel US War: The war in the Middle East seems to be spreading further on the fourth day. Iran, Israel, America And the flames of tension have reached Lebanon, while its effects are clearly visible in Gulf countries and Europe too. The Israeli army has confirmed that several projectiles were fired from Lebanon. After this the alert was increased in northern Israel. Prime Minister Benjamin Netanyahu said that Israel will continue to attack Iran with ‘full force’ and that Hezbollah will also be given a strong response.

Israel has also warned of an attack on the historic city of Tire in southern Lebanon, where UNESCO World Heritage Site Is present. The army has asked citizens to vacate buildings. At the same time, Iran’s supreme leader Ayatollah Ali Khamenei, who was killed in the American-Israeli attacks on Saturday, will be buried in the holy city of Mashhad.

Iran Israel US War: Top-10 Updates

1- Loud explosions were heard in Doha, Dubai and Abu Dhabi. Dubai administration said that the blasts were caused by the “interception operation” of air defense. There are also reports of explosions near the US coalition base in Erbil, Iraq. British Prime Minister Keir Starmer has announced to send HMS Dragon warship after the drone attack in Cyprus.

2- Amidst the turmoil in West Asia, India has given news of relief. According to government sources, the country has reserves of crude oil and petroleum products for about eight weeks. Only 40% of crude oil comes through the Strait of Hormuz. Union Petroleum Minister Hardeep Singh Puri has reviewed the supply and said that there is no plan to increase the prices of petrol and diesel at present.

3- Israel has announced that Ben Gurion Airport will be opened for limited flights from Thursday, so that citizens stranded abroad can return. At the same time, American embassies have been temporarily closed in Saudi Arabia and Kuwait. The US Embassy in Lebanon has also been closed.

4- An Airbus plane has been reported destroyed in an attack on Iran’s Bushehr Airport. Iran’s nuclear power plant is also located here. Apart from Bushehr, Mehrabad Airport was also targeted.

5- Due to the closure of the Strait of Hormuz, crude oil prices have crossed $ 85 per barrel. An Iranian Revolutionary Guard general has warned that if the attacks continue, ‘the economic centers of the entire Middle East’ will be targeted.

6- Russian Foreign Minister Sergey Lavrov has appealed to reduce tension by talking to his Iranian counterpart. Foreign ministers of the European Union and Gulf countries are also going to discuss through video conference. Turkish President Recep Tayyip Erdogan has said that his country is making ‘intensive diplomatic efforts for peace’.

7- US President Donald Trump said that Iran was the first to attack, so he took the first step. He also said that the ‘worst case’ would be if the new Iranian leader turns out to be like Ayatollah Khamenei.

8- The impact of the increasing war-like situation regarding Iran is now directly visible on global markets and maritime trade. The tension is clearly visible from Wall Street to the Persian Gulf. There was sharp selling in the American stock market amid increasing uncertainty regarding the Iran conflict. The S&P 500 fell 1.6% in early trading, the Dow Jones Industrial Average fell 880 points or 1.8% and the Nasdaq Composite also fell 1.8%. The already ongoing decline in Europe and Asia also affected America. Investors fear that if the war continues, oil prices will rise further, which could increase inflation and pressure on the global economy.

9- Iran’s government news agency Tasnim News Agency has claimed that American and Israeli fighter planes attacked the central part of Tehran. There are reports of heavy damage in residential areas near Engelaab Square. Smoke was seen rising from the area containing government buildings. This attack took place on the fourth day of the ongoing conflict between Iran and America-Israel. However, this claim has not been independently confirmed yet.

10- The closure of the Strait of Hormuz has had a major impact on maritime trade. 37 Indian flagged ships are stuck in the sea and more than 1100 Indian sailors are on board. Many ships were coming to India carrying crude oil and LNG. Some were going towards Gulf countries to get petroleum products. Movement has been affected due to military activities in the Persian Gulf and Gulf of Oman. This route is very important for India’s energy supply.

Overall, this conflict is no longer limited to just Iran and Israel. Lebanon, Gulf countries, Europe and the global energy market – all are in its grip. Along with military action, diplomatic efforts are also being intensified, but the situation still remains very delicate.