Page 15 - Us-iran Tensions
Iran targets Kuwait's water desalination facility for second straight day
Kuwait's Ministry of Water and Electricity said on Saturday a water desalination and power generation plant was struck by Iran, sparking a blaze. It was the second time in two days that Iran targeted a water desalination infrastructure in the Gulf Arab country. Kuwait said Iran had targeted a different power and desalination plant on Friday, sparking a fire and causing damage. Kuwaiti authorities said several generating units were shut down as a precaution. About 90 per cent of Kuwait's drinking water comes from desalination, and the plants are a critical part of the desert nation's infrastructure.
 "Iran targets Kuwait's water desalination facility for second straight day")
Iran targets Kuwait's water desalination facility for second straight day
Kuwait's Ministry of Water and Electricity said on Saturday a water desalination and power generation plant was struck by Iran, sparking a blaze. It was the second time in two days that Iran targeted a water desalination infrastructure in the Gulf Arab country. Kuwait said Iran had targeted a different power and desalination plant on Friday, sparking a fire and causing damage. Kuwaiti authorities said several generating units were shut down as a precaution. About 90 per cent of Kuwait's drinking water comes from desalination, and the plants are a critical part of the desert nation's infrastructure.
'Prepare for corresponding response': Iran warns nations hosting US troops
Iran's Revolutionary Guard warned countries hosting US troops to prepare for a 'corresponding response' and claimed attacks on American military facilities in Kuwait amid escalating regional tensions
 "'Prepare for corresponding response': Iran warns nations hosting US troops")
'Prepare for corresponding response': Iran warns nations hosting US troops
Iran's Revolutionary Guard warned countries hosting US troops to prepare for a 'corresponding response' and claimed attacks on American military facilities in Kuwait amid escalating regional tensions
US may send more refuelling aircraft to Israel amid rising tensions: Report
Trump admin is reportedly planning to deploy dozens of additional military refuelling aircraft to Israel as it weighs expanding strikes on Iran's energy, nuclear and other strategic infrastructure
 "US may send more refuelling aircraft to Israel amid rising tensions: Report")
US may send more refuelling aircraft to Israel amid rising tensions: Report
Trump admin is reportedly planning to deploy dozens of additional military refuelling aircraft to Israel as it weighs expanding strikes on Iran's energy, nuclear and other strategic infrastructure
US naval units under surveillance, says Iran's IRGC, warns of 'zero hour'
IRGC claimed it was monitoring US naval movements in the region and warned Washington of a possible 'zero hour' for operations, as tensions between the two countries continued to escalate
 "US naval units under surveillance, says Iran's IRGC, warns of 'zero hour'")
US naval units under surveillance, says Iran's IRGC, warns of 'zero hour'
IRGC claimed it was monitoring US naval movements in the region and warned Washington of a possible 'zero hour' for operations, as tensions between the two countries continued to escalate
US oil firms sign $60 bn deals with Iraq to reduce reliance on Hormuz route
US companies signed roughly USD 60 billion in agreements and partnerships with the Iraqi government Friday, including deals intended to create alternative routes for shipping oil out of the Persian Gulf. The deals, signed at the US Chamber of Commerce, also involved other industries, including healthcare, communications and infrastructure. It's not clear when the oil deals will be able to create viable alternatives to the Strait of Hormuz, through which about a fifth of the world's oil flows. Goldman Sachs estimates that pipelines in just one country take at least two and a half years to build, and these pipelines would travel through two or more nations. Iran has sought to close the Strait repeatedly since the U.S.-Iran war began Feb. 28, causing sharp gyrations in oil and gas prices. On Friday afternoon, the price of West Texas crude rose nearly 5 per cent to USD 88 a barrel, up from about USD 67 before the war began. It had topped USD 110 in early April before falling back after
 "US oil firms sign $60 bn deals with Iraq to reduce reliance on Hormuz route")
US oil firms sign $60 bn deals with Iraq to reduce reliance on Hormuz route
US companies signed roughly USD 60 billion in agreements and partnerships with the Iraqi government Friday, including deals intended to create alternative routes for shipping oil out of the Persian Gulf. The deals, signed at the US Chamber of Commerce, also involved other industries, including healthcare, communications and infrastructure. It's not clear when the oil deals will be able to create viable alternatives to the Strait of Hormuz, through which about a fifth of the world's oil flows. Goldman Sachs estimates that pipelines in just one country take at least two and a half years to build, and these pipelines would travel through two or more nations. Iran has sought to close the Strait repeatedly since the U.S.-Iran war began Feb. 28, causing sharp gyrations in oil and gas prices. On Friday afternoon, the price of West Texas crude rose nearly 5 per cent to USD 88 a barrel, up from about USD 67 before the war began. It had topped USD 110 in early April before falling back after
Iran targets US military bases, drone depots in Jordan, Kuwait, and Bahrain
Tehran said it carried out drone strikes on US military base in Jordan, Kuwait and Bahrain under 'Operation Lightning', hours after Washington's seventh consecutive night of attacks on Iranian targets
 "Iran targets US military bases, drone depots in Jordan, Kuwait, and Bahrain")
Iran targets US military bases, drone depots in Jordan, Kuwait, and Bahrain
Tehran said it carried out drone strikes on US military base in Jordan, Kuwait and Bahrain under 'Operation Lightning', hours after Washington's seventh consecutive night of attacks on Iranian targets
46 killed, 400 injured in Iran as US widens attacks on Tehran's civil infra
The United States and Iran escalated their attacks across the Middle East on Friday, trading strikes aimed at infrastructure and military targets as their battle over the Strait of Hormuz intensified. The US expanded its attacks against Iran by hitting more bridges and energy sites and collapsing a tower at a key Iranian port, following through on President Donald Trump's threats to pressure Tehran to ease its chokehold on the waterway vital to world energy supplies. In response, Iran launched missiles into US-allied nations in the Mideast, including Qatar, a mediator in the war, and Kuwait, where one of the desert nation's water desalination plants was damaged. The region has endured days of back-and-forth attacks in a conflict increasingly focused on control of the strait, and the collapse of an interim ceasefire leaves no clear end in sight for the war that began more than four months ago. The US Central Command said late Friday it had launched its seventh straight night of attac
 "46 killed, 400 injured in Iran as US widens attacks on Tehran's civil infra")
46 killed, 400 injured in Iran as US widens attacks on Tehran's civil infra
The United States and Iran escalated their attacks across the Middle East on Friday, trading strikes aimed at infrastructure and military targets as their battle over the Strait of Hormuz intensified. The US expanded its attacks against Iran by hitting more bridges and energy sites and collapsing a tower at a key Iranian port, following through on President Donald Trump's threats to pressure Tehran to ease its chokehold on the waterway vital to world energy supplies. In response, Iran launched missiles into US-allied nations in the Mideast, including Qatar, a mediator in the war, and Kuwait, where one of the desert nation's water desalination plants was damaged. The region has endured days of back-and-forth attacks in a conflict increasingly focused on control of the strait, and the collapse of an interim ceasefire leaves no clear end in sight for the war that began more than four months ago. The US Central Command said late Friday it had launched its seventh straight night of attac
Iran's Red Sea threat likely to deepen energy supply risks for India
A closure of the Bab el-Mandeb Strait could disrupt Saudi crude shipments, forcing India to rely more on alternative suppliers and increasing risks to LPG supplies
 "Iran's Red Sea threat likely to deepen energy supply risks for India")
Kuwait reports Iranian attack on key power, water desalination plant
Kuwait said Friday that Iran attacked a power and water desalination plant, causing widespread damage to the station. In Kuwait, about 90% of drinking water comes from desalination -- and any disruption can threaten life in the small, desert nation. Kuwait's Electricity Water and Renewable Energy Ministry announced the attack, saying it sparked a fire and "damage to a large number of electricity generation units." Kuwait said it extinguished the blaze and was working to assess the damage and get the station working again.
 "Kuwait reports Iranian attack on key power, water desalination plant")
Kuwait reports Iranian attack on key power, water desalination plant
Kuwait said Friday that Iran attacked a power and water desalination plant, causing widespread damage to the station. In Kuwait, about 90% of drinking water comes from desalination -- and any disruption can threaten life in the small, desert nation. Kuwait's Electricity Water and Renewable Energy Ministry announced the attack, saying it sparked a fire and "damage to a large number of electricity generation units." Kuwait said it extinguished the blaze and was working to assess the damage and get the station working again.
Next two quarters will be tough for the markets, B. Gopkumar, Axis MF
We've also seen significant sector rotation over the past few weeks, making it difficult for fund managers to stay positioned across every segment, says B. Gopkumar, MD & CEO of Axis Mutual Fund.
 "Next two quarters will be tough for the markets, B. Gopkumar, Axis MF")
India's Chabahar Port terminal undamaged after attacks in Iran: MEA
The Ministry of External Affairs said the Shahid Beheshti Terminal at Chabahar has not suffered any damage and discussions on the project continue with stakeholders
 "India's Chabahar Port terminal undamaged after attacks in Iran: MEA")
Iran confirms attacks on power infra, urges people to use less electricity
Iran acknowledged "attacks on power infrastructure" during the US airstrike campaign for the first time Friday, showing the escalation in the American campaign. Iran's Energy Ministry issued a call for people to use less power in southern provinces. It said those areas "are currently experiencing extreme heat and attacks on power infrastructure". The ministry did not elaborate on whether it was power plants, transmission lines or other equipment that had been attacked. US President Donald Trump had threatened to go after bridges and power plants as America vies with Iran over control of the Strait of Hormuz.