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Rising oil prices will be the first thing to be felt, with price tags on futures markets expected to increase by about $15 over various timeframes, political analyst Paulo Botta tells Sputnik.
💬 “This will inevitably undermine developing countries’ plans to begin a recovery in the coming months or next year,” he points out.
Botta warns that the situation is complicated by the fact that the Houthis—an armed group allied with Iran—have decided to resume attacks on the Red Sea shipping routes to support Iran.
💬 “This means the need to reroute shipping, higher freight costs, additional security expenses, and, consequently, further rise in shipping prices,” the analyst concludes.
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🚨 IDF says the Israeli military has launched a wave of strikes in the heart of Tehran
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Sputnik International
🚨IRGC claims it fired four ballistic missiles at the USS Abraham Lincoln aircraft carrier 📌 Subscribe to @SputnikInt
🇺🇸CENTCOM claims Iranian missiles did not hit the USS Abraham Lincoln aircraft carrier
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Russian Foreign Minister Sergey Lavrov and United Arab Emirates Foreign Minister Abdullah bin Zayed Al Nahyan discussed the war on Iran in a phone call, the Russian Foreign Ministry said, stressing the urgent need to end the fighting.
Key statements from the Russian Foreign Ministry:
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🇮🇱Netanyahu promises strikes on Iran to intensify after Khamenei’s assassination
Speaking from a rooftop in Tel Aviv, Israeli Prime Minister Benjamin Netanyahu outlined Israel’s next steps in the war with Iran and confirmed the killing of Supreme Leader Ali Khamenei.
Key points from his remarks:
▪️Netanyahu said Israel had “eliminated the tyrant Khamenei” along with dozens of senior Iranian military and political leaders.
▪️He said Israeli forces were striking “in the heart of Tehran” with growing intensity, adding that operations will escalate further in the coming days.
▪️The prime minister said he had met with the defense minister, chief of staff and head of Mossad, and had instructed them to continue the campaign.
▪️He acknowledged Israeli casualties in Tel Aviv and Beit Shemesh, expressing condolences to the families of the dead and wishing the wounded a speedy recovery.
▪️Netanyahu said Israel is deploying the “full power” of the Israeli Defense Forces to secure its future.
▪️He also thanked US President Donald Trump for military support, and said their joint efforts enable Israel to “strike the terror regime hard.”
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Speaking from a rooftop in Tel Aviv, Israeli Prime Minister Benjamin Netanyahu outlined Israel’s next steps in the war with Iran and confirmed the killing of Supreme Leader Ali Khamenei.
Key points from his remarks:
▪️Netanyahu said Israel had “eliminated the tyrant Khamenei” along with dozens of senior Iranian military and political leaders.
▪️He said Israeli forces were striking “in the heart of Tehran” with growing intensity, adding that operations will escalate further in the coming days.
▪️The prime minister said he had met with the defense minister, chief of staff and head of Mossad, and had instructed them to continue the campaign.
▪️He acknowledged Israeli casualties in Tel Aviv and Beit Shemesh, expressing condolences to the families of the dead and wishing the wounded a speedy recovery.
▪️Netanyahu said Israel is deploying the “full power” of the Israeli Defense Forces to secure its future.
▪️He also thanked US President Donald Trump for military support, and said their joint efforts enable Israel to “strike the terror regime hard.”
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🚨🇺🇸'I have agreed to talk': Trump signals possible return to Iran negotiations
US President Donald Trump told website The Atlantic that Iranian leaders are seeking to restart talks – and that he has agreed to engage.
👉 Asked if the talks could begin today or tomorrow, he replied: “I can’t tell you that.”
Trump noted that many Iranian negotiators had been killed in two days of US and Israeli bombing.
“Most of those people are gone. Some of the people we were dealing with are gone, because that was a big hit,” he said. “They could have made a deal. They should’ve done it sooner. They played too cute.”
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US President Donald Trump told website The Atlantic that Iranian leaders are seeking to restart talks – and that he has agreed to engage.
💬 “They want to talk, and I have agreed to talk, so I will be talking to them,” Trump said. “They should have done it sooner. They should have given what was very practical and easy to do sooner. They waited too long.”
Trump noted that many Iranian negotiators had been killed in two days of US and Israeli bombing.
“Most of those people are gone. Some of the people we were dealing with are gone, because that was a big hit,” he said. “They could have made a deal. They should’ve done it sooner. They played too cute.”
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Sputnik International
🇺🇸Trump says he is not concerned about oil prices following the attack on Iran
"I'm not concerned about anything ... I just do what's right. At the end, it works out," he told Fox News.
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"I'm not concerned about anything ... I just do what's right. At the end, it works out," he told Fox News.
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Latest updates from the region:
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A Sputnik correspondent reports from Srinagar
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🇮🇷💔Zahra Mohammadi Golpayegani, the 14-month-old granddaughter of Iran’s Supreme Leader, was reportedly killed in the US-Israeli attack
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💬 “Gas prices may rise, because approximately 20% of the world’s LNG transits through the Strait of Hormuz, including all of Qatar’s production,” Igor Yushkov, a top Russian energy expert, told Sputnik, commenting on the Persian Gulf crisis.
💬 “Even though Qatar gas physically goes primarily to Asian markets, the exchange price will rise everywhere,” same as oil, Yushkov clarified. Qatar itself also has no alternative to Hormuz. “Therefore, if it is unable to export LNG, Qatar will simply have to stop production.”
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🚨 IRGC says it launched missile strikes against three US and UK tankers in the Persian Gulf and the Strait of Hormuz
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Sputnik International
🚨🇺🇸'I have agreed to talk': Trump signals possible return to Iran negotiations US President Donald Trump told website The Atlantic that Iranian leaders are seeking to restart talks – and that he has agreed to engage. 💬 “They want to talk, and I have agreed…
🇮🇷Iran’s FM Araghchi on resolving the conflict with the US through talks: "We have had a bitter experience negotiating with Washington"
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🚨Ahmadinejad's spokesman denies death reports
Press secretary for former Iranian president Mahmoud Ahmadinejad, in a comment to Sputnik, refuted reports of his death:
"News that the respected Ahmadinejad has been killed are false. He is healthy and safe."
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Press secretary for former Iranian president Mahmoud Ahmadinejad, in a comment to Sputnik, refuted reports of his death:
"News that the respected Ahmadinejad has been killed are false. He is healthy and safe."
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🇺🇸Trump says the US has destroyed and sunk nine Iranian naval ships and largely destroyed Iran’s naval HQ, vowing to target the remaining vessels
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