Iran, Israel and Oil Prices
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Israel bombarded Tehran, the Iranian capital, with a new wave of strikes on Sunday afternoon, as both sides dismissed international calls to de-escalate the conflict and warned of more to come in a clash that is rapidly expanding in scope and intensity.
It follows daytime attacks from both sides, with Israeli strikes in Tehran continuing and Iran firing more missiles towards Israel.
US President Donald Trump expressed hope that Israel and Iran could reach a ceasefire amid ongoing hostilities but acknowledged that “sometimes they have to fight it out.” Trump said he believes there’s “a good chance” of a deal eventually being reached.
As Israel intensifies its military campaign targeting Iran’s nuclear infrastructure, newly released footage shows extensive damage inflicted on key facilities in Tehran and beyond. The rising conflict has now also disrupted diplomatic efforts with the United States.
The fighting, which began on Friday with a surprise Israeli attack on Iran, has been some of the fiercest and most prolonged in the decades-long enmity between Israel and Iran, raising fears of a wider war that could draw in the United States and other powers.
An exchange of strikes on refineries and gas facilities was limited but raised the risks to an industry with broad economic impacts.
The UK government is trying to walk a tightrope on relations with Israel, expressing support for its military action against Iran while also criticizing the war in Gaza.
"The full strength and might of the U.S. Armed Forces will come down on you at levels never seen before," Trump warned.
Israel and Iran kept up their attacks, killing and wounding civilians and raising concern among world leaders meeting in Canada this week that the biggest battle between the two old enemies could lead to a broader regional conflict.
The "America First" president praised his foreign policy record on Sunday while urging a deal between Iran and Israel amid escalating strikes.
Trump and Putin spoke for about an hour on June 14, with the Kremlin saying the Russian leader condemned the Israeli military operation against Iran
Israel has rejected Keir Starmer’s calls for “de-escalation” in its war with Iran. The prime minister spoke out as the conflict continued, with both sides continuing to bomb one another. Speaking en route to the G7 summit in Canada,
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