Iran, Israel and Oil
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Israel's attack on Iran raises questions like whether the US will get involved, how Iran will respond, and if a wider conflict may be triggered.
Israel’s attacks on Iran’s nuclear facilities risk pushing back the timeline for Federal Reserve interest-rate cuts as the US central bank waits to assess any potential impact on inflation, economists said.
Alarmed by an intelligence assessment that Iran will be able to produce nuclear weapons within months if not weeks, Israel has launched a massive air campaign aiming to destroy the country’s nuclear program.
Tensions between Israel and Iran reached a boiling point on June 13, 2025, when Israel launched a massive airstrike campaign against Iran's nuclear and
Sen. Chris Murphy (D., Conn.), who sits on the Senate Foreign Relations Committee, said Israel’s attack on Iran was intended to thwart the Trump administration’s negotiations with Iran, and risks a regional war.
The country’s exports mostly come from Kharg Island in the Persian Gulf. But Israel’s energy facilities are also at risk.
The ongoing Israel Iran war has unleashed not only a massive aerial assault with missiles and drones causing heavy destruction in both the countries but could potentially impact global economy including India with whom the two have trade relations.
Follow the latest news after Israel launched strikes at Iran, a dramatic escalation in long-running tensions between the two countries.
Israel’s leader and President Trump appeared to bet they can persevere, but other world leaders warned of unintended outcomes in a volatile region.
KHAN YOUNIS, Gaza Strip (AP) — At least eight Palestinians were killed and dozens more wounded on Sunday in a shooting near Israeli- and U.S.-supported food distribution points in the Gaza Strip, according to health officials. Witnesses blamed the Israeli military, which did not immediately comment.
Iran and Israel continued on Sunday their aerial attacks, which began Friday with a series of Israeli strikes on Iran.