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Iran-Israel War: The situation in the Middle East has once again gone out of control. Iran has launched a massive missile attack on Israel on Tuesday. Iran has fired about 200 high-speed ballistic missiles at Israel. Rocket sirens started ringing across Israel on Tuesday night. Sounds of explosions kept coming from missile interception in the sky. There are also reports of missiles falling in many areas. In such a situation, the Israeli army immediately advised all people to go to shelter. Iran says that it has avenged the death of Hezbollah chief Hassan Nasrallah. However, there is no news of any significant loss of life or property in Israel due to this attack by Iran. On the other hand, this attack by Iran has created chaos in the oil market. There was a tremendous increase in the prices of crude oil on Tuesday.
WTI crude jumped 5%
Iran-Israel tension has seen a big jump in the prices of crude oil. WTI crude oil has jumped 5 percent to cross $ 71 per barrel. At the same time, global benchmark Brent crude reached $ 75 per barrel. Iran is a major producer of crude oil in the Middle East. It is also a member country of OPEC. If Israel now retaliates against Iran, then further jump in prices can be seen.
Supply chain may be damaged
The current Iran-Israel conflict has raised concerns about the supply chain of crude oil. Because one-third of the world’s crude oil is supplied from the Middle East. According to experts, the oil market is very sensitive to geopolitical tensions. In such a situation, a sharp jump in prices can be seen if the tension increases. Petrol and diesel prices in India depend on the international prices of crude oil. If crude oil prices move rapidly, then petrol and diesel prices may also be affected in future.
Iran said ‘missile attack is over, there will be no further provocation’
Iran fired ballistic missiles at Israel on Tuesday night. Israel is enraged after this attack by Iran. Israel has warned Iran of consequences. Israeli Prime Minister Benjamin Netanyahu says that Iran has made a big mistake by firing missiles and it will have to pay the price for it. There are full chances of war between Israel and Iran.
Attack is over
After firing missiles on Israel, Iran is now seen on the backfoot. Iran said on Wednesday that there will be no further provocation from its side. The missile attack on Israel has ended.
Answer will be given
Meanwhile, the Israeli army has also said that we will choose the time and place. The Israeli army has said that it is not going to spare Iran. The attacks will definitely be answered.
People seen celebrating in Iran
Meanwhile, it should also be mentioned here that, on Iran’s state television, people in the country’s Arak, Qom and Tehran were shown celebrating the firing of missiles on Israel. Earlier, Israel’s PM Netanyahu had said from the United Nations platform, “There is no place in Iran where Israel cannot reach.” For some time now, there has been shelling between Hezbollah and Israel on the Lebanese border almost every day. Recently, Hezbollah chief Hassan Nasrallah was killed in an Israeli attack.
