14-06-2025

Israel-Iran Strikes Shake Markets, Spur Global Alarm

Date: 14-06-2025
Sources: bbc.com: 1 | cbsnews.com: 1 | edition.cnn.com: 1 | foxnews.com: 1 | news.sky.com: 5 | nytimes.com: 2
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Source: foxnews.com

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Summary

A rapid escalation between Israel and Iran—featuring Israeli strikes on Iranian nuclear, military, and energy targets and Iran’s missile-and-drone retaliation—has jolted global markets and stoked fears of wider war. Oil prices spiked amid risks to key maritime chokepoints like the Red Sea and potentially the Strait of Hormuz, with implications for inflation, shipping costs, and supply chains. The U.S. signaled it was not militarily involved in Israel’s operations while aiding missile defense, and alerted regional allies in advance; global leaders largely urged restraint. Reports indicate Israel degraded parts of Iran’s air defenses, missile infrastructure, and elements of the Natanz complex, while Iran showcased its formidable missile and proxy capabilities. With nuclear talks suspended, both sides face a volatile deterrence contest that could further destabilize the region and the global economy if escalation continues.

Key Points

  • Oil jumps 7–10% as Middle East supply risks rise; inflation and shipping costs seen increasing.
  • Israel targets Iranian nuclear, missile, air defenses, and energy sites; Iran retaliates with missiles and drones.
  • U.S. distances itself from strikes while aiding intercepts and briefing regional partners; nuclear talks canceled.
  • Global leaders call for de-escalation amid fears of Red Sea/Hormuz disruption and broader regional war.
  • Iran’s sizable missile arsenal and proxy network heighten escalation risks despite deterrence aims on both sides.

Articles in this Cluster

Global oil prices soar after Israel attacks IranBritish Broadcasting CorporationBritish Broadcasting Corporation

Global oil prices surged after Israel struck Iran, escalating Middle East tensions and raising supply risk concerns. Brent crude spiked over 10% intraday before closing up more than 7% at $74.23 a barrel, still below year-ago levels and far under 2022 peaks. Equity markets fell across Asia, Europe, and the U.S., while safe-haven assets like gold and the Swiss franc gained, with gold hitting a near two-month high. Analysts warn further escalation—especially disruption in Iran or the Strait of Hormuz—could push Brent to $80–$100, though increased output elsewhere could cap prices. The impact on retail fuel will depend on sustained wholesale moves and retailer margins.
Entities: Israel, Iran, Brent crude, Strait of Hormuz, goldTone: analyticalSentiment: negativeIntent: inform

Trump administration told U.S. allies in Middle East about Israel's Iran strikes in advance - CBS News

The State Department alerted several U.S.-aligned Middle Eastern governments ahead of Israel’s strikes on Iran, with Secretary of State Marco Rubio emphasizing the U.S. was not involved militarily and preferred diplomacy. Allies perceived Washington distancing itself from the operation and potential fallout, especially risks to countries hosting U.S. forces. Israel said it targeted Iranian nuclear facilities and officials, prompting Iranian missile and drone retaliation that injured over 20 in Israel. The U.S. helped intercept Iranian missiles but denied direct involvement in the strikes. Regional partners fear escalation and radiation risks from strikes on nuclear sites. Planned U.S.-Iran talks may be jeopardized, as President Trump urges a nuclear deal while warning Iran.
Entities: United States, Israel, Iran, U.S. State Department, Marco RubioTone: analyticalSentiment: neutralIntent: inform

Video: Analyst explains why Israel attacked Iran at this time | CNNClose icon

CNN security analyst Beth Sanner says Israel’s timing to strike Iran was driven by recent Iranian missile and drone attacks on Israeli cities, the killing of a top Iranian commander, and a desire by Prime Minister Benjamin Netanyahu to reestablish deterrence and demonstrate operational reach. She notes the escalation dynamic—both sides trading strikes—created a narrow window in which Israel sought to impose costs without triggering a full-scale war, while signaling resolve on Iran’s nuclear and regional activities.
Entities: Israel, Iran, Beth Sanner, Benjamin Netanyahu, Iranian missile and drone attacksTone: analyticalSentiment: neutralIntent: analyze

Global leaders urge restraint after Israel strikes over 100 targets in Iran | Fox News

Global leaders urged restraint after Israel launched early-morning strikes on over 100 targets in Iran, which Tehran called a “declaration of war.” Iran responded with a drone counterattack, while Israel framed the operation as the first wave of a broader effort against Iran’s nuclear ambitions. The U.S. said Israel acted unilaterally; President Trump warned Iran that future Israeli strikes could be “even more brutal.” Regional reactions were sharply critical of Israel: Iran accused the U.S. of complicity; Saudi Arabia, Qatar, the UAE, and Turkey condemned the strikes as violations of sovereignty and international law, urging de-escalation and dialogue. In Europe, leaders balanced support for Israel’s right to self-defense with calls for restraint—France, Germany, the U.K., and others warned against regional destabilization. The Czech Republic voiced understanding for Israel’s deterrence aims. Russia denounced the strikes as unacceptable attacks on a sovereign state. China and Japan criticized the action and called for de-escalation. Overall, the international community pressed both sides to avoid further escalation amid rising Israel-Iran tensions.
Entities: Israel, Iran, United States, Donald Trump, Saudi ArabiaTone: urgentSentiment: negativeIntent: inform

How the Israel-Iran attacks could impact the global economy | World News | Sky News

Escalating Israel-Iran tensions risk disrupting key Middle Eastern maritime routes, notably the Red Sea and potentially the Strait of Hormuz, through which a quarter of global oil trade passes. Such flare-ups typically push oil prices higher—Brent crude rose about 8% to $75—lifting shipping insurance costs and broader input prices. The IMF estimates a 10% oil price rise adds roughly 0.4 percentage points to inflation in advanced economies. Red Sea attacks have already rerouted ships around Africa, adding 1–2 weeks and about $1m per journey, tightening global shipping capacity and supply chains. A Hormuz blockade—seen as an extreme move—could drive oil above $100, but would strain Iran’s ties with major customers and regional producers.
Entities: Israel, Iran, Red Sea, Strait of Hormuz, Brent crudeTone: analyticalSentiment: neutralIntent: analyze

Iran claims it has downed two Israeli jets - as it fires missiles in response to Friday's attacks | World News | Sky News

Iran launched dozens of missiles at Israel in retaliation for Israeli strikes on Iranian nuclear and military targets a day earlier. Israel’s Iron Dome intercepted many missiles, but some hit Tel Aviv, with medics reporting 34 people hospitalized. Iran claimed it downed two Israeli F-35 jets and numerous drones; Israel did not confirm this. The U.S. assisted Israel in intercepting missiles. Iran’s supreme leader vowed heavy retaliation, while Israeli PM Netanyahu said Israel had severely damaged Iran’s missile arsenal and key enrichment facilities and urged Iranians to oppose their regime. The IDF briefly ordered residents to shelters. UK and U.S. leaders called for de-escalation and diplomacy.
Entities: Iran, Israel, F-35 jets, Iron Dome, Benjamin NetanyahuTone: urgentSentiment: negativeIntent: inform

Israel v Iran: What's next? | World News | Sky News

Sky News’ podcast “The World” examines Israel’s attacks on Iran—framed by Benjamin Netanyahu as an open-ended operation—and Iran’s vow of “severe punishment.” Host Yalda Hakim and editor Dominic Waghorn explore why Israel struck, whether it signals a wider conflict, and how Iran’s leadership is constrained. They discuss intelligence insights from Mossad contacts, global reactions and whether they’ll hold, potential U.S. involvement under Donald Trump, and implications for the UK. The episode was recorded before Iran’s subsequent retaliatory strikes.
Entities: Israel, Iran, Benjamin Netanyahu, Yalda Hakim, Dominic WaghornTone: analyticalSentiment: neutralIntent: analyze

What are Iran's military capabilities - and how much of a threat is it? | World News | Sky News

Israel struck Iran’s ballistic missile and nuclear-related infrastructure, prompting Iran to fire waves of missiles at Israel. Iran’s Islamic Revolutionary Guard Corps (IRGC)—a 125,000-strong force with its own ground, air, and naval units—oversees what experts consider the Middle East’s largest ballistic missile arsenal. Its missiles and drones, some based on North Korean, Russian, and Chinese designs, can hit targets across the region; systems like Sejil (≈1,550 miles), Kheibar (≈1,240 miles), and various cruise missiles expand its reach, while claimed hypersonic advances complicate interception. The IRGC also wields influence through allied militias—the “Axis of Resistance”—including Hezbollah in Lebanon, Iraqi and Syrian groups, Hamas, and Yemen’s Houthis, enabling Iran to project power indirectly against Israel, U.S. interests, and Red Sea shipping. While Iran denies seeking nuclear weapons, watchdogs say it is not meeting nuclear obligations and is expanding enrichment capabilities, heightening concern over its potential to rapidly advance a weapons program. Overall, Iran poses a significant regional threat via its missile forces, drone capabilities, and proxy network, even as direct large-scale war risks wider escalation.
Entities: Iran, Islamic Revolutionary Guard Corps (IRGC), Israel, Hezbollah, HouthisTone: analyticalSentiment: neutralIntent: inform

Why did Israel attack Iran? And what does it mean for the rest of the world? | World News | Sky News

Israel has launched strikes on Iran’s nuclear facilities, viewing Tehran’s ambitions as an existential threat. Netanyahu likely acted now because Iran is internally weakened, its proxies (Hezbollah, Hamas) have been degraded, and the U.S. presidency is sympathetic—despite Israel’s diplomatic isolation over Gaza. Iran is expected to retaliate with missiles and drones against Israel, and potentially U.S. assets and regional allies. A major risk is escalation in the Persian Gulf targeting tankers or oil infrastructure, which could disrupt global oil markets and force U.S. intervention. The situation is highly volatile, with significant potential for unintended escalation affecting the global economy.
Entities: Israel, Iran, Benjamin Netanyahu, United States, HezbollahTone: analyticalSentiment: negativeIntent: inform

A Miscalculation by Iran Led to Israeli Strikes’ Extensive Toll, Officials Say - The New York Times

Israeli strikes across Iran caught Tehran’s leadership off guard after they assumed no attack would occur before scheduled nuclear talks in Oman. Ignoring planned precautions, senior commanders stayed at home or gathered together; a key war meeting in Tehran was hit, killing Gen. Amir Ali Hajizadeh and other top figures. Israel targeted at least 15 sites, severely degrading Iran’s air defenses, missile infrastructure, and parts of the Natanz nuclear complex, and killing military leaders and scientists. Iranian officials privately fumed over intelligence and defense failures and apparent deep Israeli infiltration. Ayatollah Ali Khamenei, moved to a secure location, declared Israel had started a war and ordered retaliation, but Iran managed to launch only about 100 missiles—far fewer than planned—after its missile bases were damaged. Strikes near Tel Aviv killed one and injured at least 20. Iran scrambled to repair defenses, closed its airspace, and residents rushed for supplies as fresh blasts and drone activity continued in Tehran. Internal debates highlighted Khamenei’s dilemma between escalating and risking a wider war or holding back and appearing weak.
Entities: Iran, Israel, Ayatollah Ali Khamenei, Gen. Amir Ali Hajizadeh, TehranTone: analyticalSentiment: negativeIntent: inform

Israel Bombards Tehran, Setting Oil Facilities Ablaze - The New York Times

Israel and Iran exchanged their heaviest attacks in decades, with Israel striking Tehran’s Shahran fuel depot—igniting massive fires and explosions—and targeting air defenses, nuclear sites (including damage at Natanz), and energy infrastructure. Israel claims “freedom of action” over Tehran and has conducted about 150 strikes, killing over 70 people, including six senior Iranian security chiefs. Iran launched roughly 200 ballistic missiles and drones at Israel, hitting areas near Tel Aviv, Jerusalem, and Haifa; at least eight people in Israel were killed and about 100 injured, with significant damage including at the Weizmann Institute. Israel also reportedly targeted Houthi leadership in Yemen. U.S.-Iran nuclear talks were canceled; Washington denies involvement in Israeli strikes but is moving assets to protect Israel and U.S. forces. President Trump warned of overwhelming U.S. retaliation if Iran targets the U.S., while suggesting a deal to end the conflict is possible. Anxiety is rising over regional escalation and potential great-power involvement.
Entities: Israel, Iran, Tehran, Shahran fuel depot, Natanz nuclear facilityTone: urgentSentiment: negativeIntent: inform