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Iran launched missile strikes after Israeli raids killed dozens in Tehran; explosions reported in Tel Aviv, Golan Heights, several injured
Israel's attack on Iran Friday has catapulted their long-running conflict into what could become a wider, more dangerous regional war and potentially drive prices higher for both businesses and households. Oil and gold surged and the dollar rose as markets retreated, signalling a flight to investments perceived as more safe. After years of sky-high inflation in the aftermath of the COVID-19 pandemic, Americans have become increasingly leery about the economy this year due to President Donald Trump's sweeping tariffs, though the impact so far has been muted. The latest escalation in the Middle East has the potential to cause widespread price increases that could set consumers back again. Here's a look at some of the sectors that could face an outsized impact from the escalation in the Middle East, and what that might mean for consumers. Energy Oil prices surged Friday to their biggest gain since the onset of Russia's war on Ukraine began more than three years ago. If or when Israe
Amid escalating tensions between Israel and Iran, External Affairs Minister S Jaishankar on Friday spoke with his counterparts in both countries on the latest situation. Jaishankar shared the update in two late night posts on X. In one post, the EAM wrote that he received a call from Israel's Minister of Foreign Affairs, Gideon Sa'ar. "Received a call this afternoon from FM @gidonsaar of Israel regarding ongoing developments," he posted. Later, in another post, the EAM said he also had a telephonic conversation with Iran's Foreign Minister Seyyed Abbas Araghchi. "Spoke to Iranian FM @araghchi this evening on the latest situation," he wrote on X. Earlier in the day, as Israel conducted strikes at Iran's nuclear, missile and military complexes, mounting tension in West Asia, India said it is "deeply concerned" over the recent developments between the countries and is "closely monitoring" the evolving situation, even as New Delhi urged both nations to avoid any escalatory steps. Th
Gold and silver price today: The price of 22-carat gold also rose ₹10, with ten grams of the yellow metal selling at ₹92,960. The price of one kilogram of silver in Chennai stood at ₹ 1,20,100
Multiple waves of missiles targeting Israeli cities amount to the most forceful step yet by Tehran since Israel's overnight raids killed top Iranian generals and damaged military infra
The US military is helping intercept missiles that Iran fired in retaliation at Israel, a US official says. The US has been moving assets nearer to Israel to assist in missile intercepts and to provide better protection of US bases in the region. While the official did not say how the US provided assistance, both US Air Force fighter aircraft and destroyer-based missile defences have intercepted missiles in previous attacks. The official spoke on condition of anonymity to discuss ongoing operations. Israel launched blistering attacks on the heart of Iran's nuclear and military structure on Friday, deploying warplanes and drones previously smuggled into the country to attack key facilities and kill top generals and scientists -- a barrage it said was necessary before its adversary got any closer to building an atomic weapon. Iran retaliated by unleashing scores of ballistic missiles on Israel late on Friday, with explosions flaring in the skies over Jerusalem and Tel Aviv and shaki
UN nuclear chief Rafael Grossi told an emergency meeting of the UN Security Council that Israeli strikes destroyed the above-ground section of Iran's main nuclear facility at Natanz. He said all the electrical infrastructure and emergency power generators were destroyed as well as a section of the facility where uranium was enriched up to 60 per cent. The main centrifuge facility underground did not appear to have been hit, but the loss of power could have damaged the infrastructure there, he said. Israel launched blistering attacks on the heart of Iran's nuclear and military structure on Friday, deploying warplanes and drones previously smuggled into the country to attack key facilities and kill top generals and scientists -- a barrage it said was necessary before its adversary got any closer to building an atomic weapon. Iran retaliated late on Friday by unleashing scores of ballistic missiles on Israel, where explosions flared in the skies over Jerusalem and Tel Aviv and shook th
Iran's UN ambassador said on Friday that 78 people have been killed and over 320 injured in Israeli attacks. Ambassador Amir Saeid Iravani told an emergency meeting of the UN Security Council that Israel's "barbaric and criminal attack" and assassinations were against senior military officials and nuclear scientists. But he said "the overwhelming majority" of victims were civilians, women and children. He said Israel again on Friday is conducting "acts of aggression" targeting multiple civilian and military sites across several Iranian cities. Israel launched blistering attacks on the heart of Iran's nuclear and military structure on Friday, deploying warplanes and drones previously smuggled into the country to assault key facilities and kill top generals and scientists -- a barrage it said was necessary before its adversary got any closer to building an atomic weapon. Iran retaliated late on Friday by unleashing scores of ballistic missiles on Israel, where explosions flared in th
Israel said that Iran had launched around 100 drones towards Israeli territory on Friday, but Iran denied this and there were no reports of drones reaching Israeli targets
Amid rising tensions in West Asia, DG Shipping urges Indian vessels and crew to exercise caution while navigating Iranian waters and the Strait of Hormuz
Strong demand has lifted orthodox tea prices but exporters worry as Israel-Iran flare-up threatens disruptions in key West Asian markets like Iran and Iraq
India expresses concern over Iran-Israel tensions, monitors reports of attacks on nuclear sites and urges both sides to pursue dialogue and diplomacy to resolve the crisis
The Israeli army said Friday that it struck an Iranian nuclear site in Isfahan. Iran did not immediately acknowledge the claim. An Israeli army spokesman, Brig Gen Effie Defrin, said an attack was still ongoing at the nuclear technology site in Isfahan, some 350 km southeast of Tehran, that employs thousands of nuclear scientists. Isfahan also is home to three Chinese research reactors and laboratories associated with the country's atomic programme.
The talks between the two leaders come in the wake of Operation Rising Lion, launched by Israel against Iran
Israel-Iran Highlights: A new explosion was heard at a key uranium enrichment site in central Iran on Friday morning, hours after Israel launched air strikes against the Islamic country
Oppressive rules are a universally occurring absurdity, as Panahi's travel experiences establish
Ships transiting Strait of Hormuz, a vital oil artery, put on alert
If the only superpower, which calls India an ally, sees the region through an India-Pakistan prism, it is unacceptable. Rather than endorse India's sphere of influence, this undermines it
In a diplomatic note sent out Thursday afternoon, the State Department confirmed that the Israeli attack was set to take place late on Thursday. Qatar was among the countries which received heads up
India, the world's third-largest oil importer and fourth biggest gas buyer, has enough energy supplies for the coming months, Oil Minister Hardeep Singh Puri said amid escalating tensions in the globe's biggest energy supply regions. In a post on X, the minister said he held a periodic review of energy availability scenario with the captains of the Indian oil industry. "India's energy strategy is shaped by successfully navigating the trilemma of energy availability, affordability and sustainability," he said. "We have adequate energy supplies for the coming months." Global oil prices have jumped to their highest level since January after Israel struck Iran, in a dramatic escalation of tensions in the Middle East. The rate of the benchmark Brent crude was up by more than 10 per cent shortly after the news emerged, but eased a little. Brent was trading close to USD 75 a barrel, up more than 5 per cent over Thursday's close. India imports more than 85 per cent of its crude oil needs