Economy

News in Brief: New Phase of War, Rising Oil Prices, World on Brink of Energy Crisis

Lilit T.
News in Brief: New Phase of War, Rising Oil Prices, World on Brink of Energy Crisis

Last hour's news, summarized and substantive:

  • In Yerevan, the stepmother of a 1-year-old child has been detained for 2 months in connection with the attempted murder case, as long-term violence has been confirmed by the preliminary investigation.
  • Iran has announced that attacks on infrastructure have entered a new, more dangerous phase of conflict.
  • The Iranian President warned that damage to energy infrastructure would have global repercussions.
  • Tehran has called on the EU to exert pressure on the US and Israel to cease hostilities.
  • Iran reports that over 20,600 civilians have been injured as a result of the strikes.
  • Trump has urged allies to support the reopening of the Strait of Hormuz to mitigate the energy crisis.
  • The US does not rule out attempts to seize nuclear materials in Iran.
  • US intelligence believes the Iranian power structure has maintained stability under wartime conditions.
  • Turkey has denied reports of providing logistical support to Israel.
  • The Israeli Defense Minister stated that targeting any Iranian official is permitted.
  • Israel has eliminated a commander's position of forces operating with Iranian support in Lebanon.
  • The IAEA has not observed signs of transfer of highly enriched uranium by Iran.
  • The US is expecting a rise in fuel prices due to the war surrounding Iran.
  • The US Vice President is meeting with leaders of oil companies to discuss the energy crisis.
  • Israel has struck Iranian missile boats in the Caspian Sea.
  • Trump has temporarily suspended the “Jones Act” to lower the cost of oil transportation.
  • Germany is skeptical about the realism of regime change in Iran.
  • The EU aviation agency has extended the high-risk regime in the Middle East.
  • Israel has destroyed bridges used for Hezbollah's supply in Lebanon.
  • The price of Brent oil has exceeded $111, reaching its highest levels this year.
  • India has sent warships to protect its vessels in the Strait of Hormuz.
  • The US has stated it will continue to support Ukraine despite tensions surrounding Iran.
  • Iraq plans to export oil through Syria's Baniyas port.
  • Europe is concerned it may fall behind in the global energy race.
  • American officials assert that Iran is not yet on the verge of acquiring nuclear weapons.
  • Trump announced that Israel has struck Iran's South Pars gas field.
  • Statements about the murder of US activist Charlie Kirk have sparked new tensions.
  • The UAE has halted operations at the Habshan gas terminal following the Iranian attack.
  • Gasoline prices in the US have reached their highest levels in recent years.
  • A collision has occurred between two ships near the coasts of the UAE and Qatar.

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