Fri, Oct 04, 2024
Experts suggest that any sharp rise in crude oil prices above USD 80 per barrel is likely only if the conflict escalates and disrupts key supply routes, such as the Strait of Hormuz, a critical passage for global oil shipments.
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Tue, Apr 16, 2024
Israeli officials reveal how the Arrow 2 and Arrow 3 high-altitude defence systems, in coordination with US allies, successfully intercepted a significant Iranian drone and missile assault. The collaboration with the Pentagon and the strategic synchronization of defence mechanisms prevented widespread damage and potential escalation in the region.
German Ambassador to India, Philipp Ackermann, emphasized the need for de-escalation in the Iran-Israel conflict. Ackermann highlighted Germany's clear stance on the matter and urged for tensions to be reduced following Iran's attack on Israeli soil. He also mentioned German Foreign Minister Annalena Baerbock's concern regarding the 17 Indian crew members held hostage by Iran.
Mon, Apr 15, 2024
As tensions between Israel and Iran intensify, experts warn of turbulent times ahead for global stock markets and economies. Iran's recent attack and seizure of an Israeli-affiliated ship in a region vital for crude oil production have sparked fears of a surge in oil prices, potentially fueling inflation.
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