World oil market experts warn end of Iran war is not guarantee prices will drop to pre-conflict levels
If hostilities fail to resolve and the maritime route continues to be blocked, the global oil market could be left in a fragile state, experts said. If shipping remains disrupted, that could force a structural shift in shipping and lead to higher long-term energy prices, reported the BBC.
Israeli military strikes over 1,000 Iranian weapons production targets – statement
The campaign is designed to “degrade the Iranian regime’s weapons production capabilities,” it added, systematically targeting production lines to reduce Iran’s manufacturing, development and research capacity across its military industries.
Tracking mistrust between Washington and Tehran that could prolong US-Israel-Iran war
Iran’s state media has denied that Iran has engaged in any peace talks with the United States. Iranian Parliament Speaker Mohammad Bagher Ghalibaf said no negotiations have occurred with the United States, and that “fake news” has been used to “manipulate” the oil markets.
Iran’s army inducts 1,000 homegrown combat drones as US threatens to bombard Tehran again
The drones were distributed to the army’s ground, air defence, naval and air-forces under the order of army Chief Amir Hatami, the report said.
Collateral damage: How mere suspicions led to 12-day Israel-Iran war with US in supporting cast role
The Israeli attacks in June came after the International Atomic Energy Agency (IAEA) released a report accusing Iran of enriching uranium to near weapons grade levels, and one day before the IAEA declared that Iran was not complying with its nuclear safeguards obligations.
