
Iranian women in Dublin concerned for their families in Iran
Reporter Charlie McGinley speaks to Iranian citizens living in Ireland on the conflict in their homeland.
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RTÉ News
an hour ago
- RTÉ News
Oil surges to five-month high after US hits Iran's key nuclear sites
Oil prices jumped today to their highest since January as the United States' weekend move to join Israel in attacking Iran's nuclear facilities stoked supply concerns. Brent crude futures were up $1.52 or 1.97% to $78.53 a barrel as of 0503 GMT. US West Texas Intermediate crude advanced $1.51 or 2.04% to $75.35. Both contracts jumped by more than 3% earlier in the session to $81.40 and $78.40, respectively, touching five-month highs before giving up some gains. The rise in prices came after US President Donald Trump said he had "obliterated" Iran's main nuclear sites in strikes over the weekend, joining an Israeli assault in an escalation of conflict in the Middle East as Tehran vowed to defend itself. Iran is OPEC's third-largest crude producer. Market participants expect further price gains amid mounting fears that an Iranian retaliation may include a closure of the Strait of Hormuz, through which roughly a fifth of global crude supply flows. "The current geopolitical escalation provides the fundamental catalyst for (Brent) prices to traverse higher and potentially spiral towards $100, with $120 per barrel appearing increasingly plausible," said Sugandha Sachdeva, founder of New Delhi-based research firm SS WealthStreet. Iran's Press TV reported that the Iranian parliament had approved a measure to close the strait. Iran has in the past threatened to close the strait but has never followed through. Iran and Israel exchanged air and missile strikes on Monday, as global tensions rose over Tehran's expected response to a US attack on its nuclear facilities. "The risks of damage to oil infrastructure ... have multiplied," said Sparta Commodities senior analyst June Goh. Although there are alternative pipeline routes out of the region, there will still be crude volume that cannot be fully exported out if the Strait of Hormuz becomes inaccessible. Shippers will increasingly stay out of the region, she added. Goldman Sachs said in a Sunday report that Brent could briefly peak at $110 per barrel if oil flows through the critical waterway were halved for a month, and remain down by 10% for the following 11 months. The bank still assumed no significant disruption to oil and natural gas supply, adding global incentives to try and prevent a sustained and very large disruption. Brent has risen 13% since the conflict began on June 13, while WTI has gained around 10%. Given the Strait of Hormuz is indispensable for Iran's own oil exports, which are a vital source of its national revenues, a sustained closure would inflict severe economic damage on Iran itself, making it a double-edged sword, Sachdeva added. Meanwhile, Japan on Monday called for de-escalation of the conflict in Iran, while a South Korean vice industry minister voiced concern over the potential impact of the strikes on the country's trade.


The Irish Sun
2 hours ago
- The Irish Sun
Harris confirms 18 Irish citizens evacuated from Iran and Israel after ‘monumental' US blitz and Ayatollah revenge vow
TAINISTE Simon Harris has confirmed that a total of 18 Irish citizens have been evacuated from Israel and Iran after the removal of three more people today. The evacuations come as conflict between Middle Eastern superpower 3 Trump led the US as it waded into the Iran-Israel conflict on Sunday morning Credit: Getty 3 Iran's Supreme Leader Ayatollah Ali Khamenei vowed revenge against long-time enemy US Credit: Reuters Advertisement The battle began last Friday when Israel, led by Prime Minister Binyamin For some 20 months before, the state had been subject to attacks from Iran-backed Houthis in And early on Sunday morning, the Days before, Advertisement READ MORE IN IRISH NEWS Since then, 18 people have been returned home from the The latest cohort consisted of three people who were evacuated from Iran earlier today. He said: "I am pleased to confirm that three Irish citizens and their dependents were assisted to depart Iran overnight and will now travel home. Advertisement MOST READ ON THE IRISH SUN Breaking Exclusive "I want to extend our gratitude to our European friends and partners for their excellent support. US bombs three Iranian nuke sites in historic strike on Ayatollah as Trump hails blitz as 'very successful' "All citizens still in Iran are reminded to register at "This follows the successful evacuation of 15 Irish citizens and their dependents from Israel yesterday. "Throughout this crisis, the Department of Foreign Affairs and Trade and our Embassies have remained in regular contact with Irish citizens in the region. "We have worked closely with our Advertisement "Today, I am at the Foreign Affairs Council in Brussels where I will discuss our response to this crisis with my EU counterparts." On Saturday, 15 Irish citizens and their dependants were successfully evacuated from Israel. The group were assisted by US JOINS THE FIGHT Speaking at And he added that a "small number" of Irish citizens in Iran were also seeking evacuation. Advertisement Harris said: "We continue to advise citizens in both Israel and Iran to remain vigilant, to monitor developments and media, and to follow advice from the authorities, including when this is to shelter in place. "All citizens in the region should register with the nearest Irish Embassy, if they have not already done so." And he said that the Irish government is in close contact with all Irish citizens in both unstable regions, and vowed that the Irish government is carrying out The evacuations come after long-time Israeli ally the United States, led by unpredictable President Trump, came to the table. 'MONUMENTAL ATTACK' Early on Sunday morning, the western global superpower joined the conflict by targeting Iranian facilities that were key to the the country's nuclear goals. Advertisement 79-year-old Trump has been firm in his position that decades-old enemy Iran is on the brink of creating their own nuclear weapons. He left the G7 summit in And following Sunday morning's attack, he hailed the US military for their " He claimed that the force took the "bomb out of Iran's hands" and "obliterated" the country's nuclear ambitions. But Iran, led by Supreme Leader Ayatollah Ali Khamenei, has vowed revenge on the US for their involvement in the conflict. Advertisement Advisoer to the Ayatollah Ali Akbar Velayati said bases used by US forces could be attacked in response. He said: 'America has attacked the heart of the Islamic world and must await irreparable consequences.' 3 Harris confirmed that three more people have been evacuated from war torn Middle East Credit: PA


Irish Examiner
2 hours ago
- Irish Examiner
Any regime change in Iran should happen from within: Micheál Martin
If a regime change is to happen in Iran, it should happen from within Iran, according to Taoiseach Micheál Martin. He was reacting to the weekend decision by the US to send planes and submarines into Iran to attack sites linked to Iran's nuclear programme, in Fordow, Isfahan and Natanz. It came after Israel launched strikes on Iran 10 days earlier, also targeting the country's nuclear programme. Iran has issued threats to retaliate, while US president Donald Trump also warned of further action. US defence secretary Pete Hegseth said on Sunday the mission was not "and has not been about regime change". However, Mr Trump said on Truth Social on Sunday: 'It's not politically correct to use the term, 'Regime Change,' but if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn't there be a Regime change??? MIGA!!!' Responding, Mr Martin said on Monday: 'We all know what can transpire. We saw it in Iraq, we saw it in Libya, we saw it in Syria, and it is very very important — any changes, if changes have to happen, should happen from within Iran. 'In respect of Iran, we must all learn lessons from what happened in Libya, what happened in Syria, what happened in Iraq in the past. That has to be a clear focus in terms of how the situation should be managed. In our view, those involved should now de-escalate. Diplomacy and dialogue is the only way forward.' Mr Martin added: 'We need first of all an absolute de-escalation, we need an end to the war, we need an end to the war in Gaza, terrible slaughter of the innocents in Gaza which cannot continue. "We need a huge surge of humanitarian aid into Gaza.' Read More Trump contradicts administration saying he is open to regime change in Iran