Joaquin Vespignani, The Conversation
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India, neighbours could face oil price rise, supply disruptions as Israel targets Iranian facilities
The attacks on Iran's oil fields and the likelihood of further escalation, is a renewed threat to global energy stability.
Joaquin Vespignani, The Conversation
· 3 minutes ago
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New Indian Express
43 minutes ago
- New Indian Express
India's basmati export takes another hit after Trump tariffs as Israel-Iran war intensifies
CHANDIGARH: Already grappling with US President Donald Trump's 26 per cent tariff, the ongoing Israel-Iran war has triggered a fresh crisis in the Indian basmati rice export market. Indian basmati exporters find themselves caught in a web of woes, with stuck consignments, delayed payments, plummeting prices, and fears of a domestic glut. Iran is the second-highest importer of Indian basmati after Saudi Arabia, with the sela (parboiled) variety particularly cherished in Iranian kitchens. In the 2023–24 fiscal year, a total of 59.42 lakh metric tonnes (LMT) of basmati rice was exported from the country. Of these exports, basmati rice was mainly sent to five countries: 7 LMT to Iran, 11 LMT to Saudi Arabia, 8 LMT to Iraq, 3 LMT to Yemen, and 3 LMT to the US, with the remainder going to other countries. This development is likely to severely affect Punjab, the highest producer of basmati rice in the country, accounting for 40 per cent of production, followed by Haryana and other states.
Hindustan Times
an hour ago
- Hindustan Times
Israel claims it killed veteran Iran commander Saeed Izadi as both sides attack
Israel said on Saturday it had killed a veteran Iranian commander as the countries traded attacks, a day after Tehran said it would not negotiate over its nuclear programme while under threat and Europe tried to keep peace talks alive. Earlier a prayer ceremony was conducted for Amin Karami, a member of Iranian Revolutionary Guard, who was killed during Israeli strikes.(AP) Saeed Izadi, who led the Palestine Corps of the Quds Force, the Iranian Revolutionary Guards' overseas arm, was killed in a strike in an apartment in the Iranian city of Qom, said Israeli Defense Minister Israel Katz. Calling his killing a "major achievement for Israeli intelligence and the Air Force", Katz said in a statement that Izadi had financed and armed the Palestinian militant group Hamas ahead of its October 7, 2023, attack on Israel, which triggered the war in Gaza. The Revolutionary Guards said five of its members had been killed in attacks on Khorramabad, according to Iranian media reports that did not mention Izadi, who was on U.S. and British sanctions lists. Iranian media had said earlier on Saturday that Israel had attacked a building in Qom, with initial reports of a 16-year-old killed and two people injured. Iran's Fars news agency said Israel had targeted the Isfahan nuclear facility, one of the nation's biggest, but there was no leakage of hazardous materials. The Israeli military said it had launched a wave of attacks against missile storage and launch infrastructure sites in Iran. Follow for live update on Israel-Iran conflict Ali Shamkhani, a close ally of Iran's supreme leader, said he had survived an Israeli attack. "It was my fate to stay with a wounded body, so I stay to continue to be the reason for the enemy's hostility," he said in a message carried by state media. Early on Saturday, the Israeli military warned of an incoming missile barrage from Iran, triggering air raid sirens across parts of central Israel, including Tel Aviv, as well as in the Israeli-occupied West Bank. Interceptions were visible in the sky over Tel Aviv, with explosions echoing across the metropolitan area as Israel's air defence systems responded. There were no reports of casualties. Iran's nuclear programme Israel began attacking Iran on June 13, saying its longtime enemy was on the verge of developing nuclear weapons. Iran, which says its nuclear programme is only for peaceful purposes, retaliated with missile and drone strikes on Israel. Israel is widely assumed to possess nuclear weapons. It neither confirms nor denies this. Its air attacks have killed 639 people in Iran, according to the Human Rights Activists News Agency, a U.S.-based human rights organisation that tracks Iran. The dead include the military's top echelon and nuclear scientists. Iran's health minister, Mohammadreza Zafarqandi, said on Saturday that Israel has attacked three hospitals during the conflict, killing two health workers and a child, and has targeted six ambulances, according to Fars. The Israeli military did not immediately respond to a request for comment. An Iranian missile hit a hospital in the southern Israeli city of Beersheba on Thursday. Iran's NOURNEWS on Saturday named 15 air defence officers and soldiers it said had been killed in the conflict with Israel. In Israel, 24 civilians have been killed in Iranian missile attacks, according to Israeli authorities. U.S. President Donald Trump said on Friday he thought Iran would be able to have a nuclear weapon "within a matter of weeks, or certainly within a matter of months". He told reporters at the airport in Morristown, New Jersey: 'We can't let that happen.' He said his director of national intelligence, Tulsi Gabbard, was wrong in suggesting there was no evidence Iran is building a nuclear weapon. Scan progress in Geneva Iranian Foreign Minister Abbas Araqchi said there was no room for negotiations with the U.S. "until Israeli aggression stops". But he arrived in Geneva on Friday for talks with European foreign ministers at which Europe hopes to establish a path back to diplomacy. Trump reiterated that he would take up to two weeks to decide whether the United States should enter the conflict on Israel's side, enough time "to see whether or not people come to their senses", he said. Trump said he was unlikely to press Israel to scale back its airstrikes to allow negotiations to continue. "I think it's very hard to make that request right now. If somebody is winning, it's a little bit harder to do than if somebody is losing, but we're ready, willing and able, and we've been speaking to Iran, and we'll see what happens," he said. The Geneva talks produced little signs of progress, and Trump said he doubted negotiators would be able to secure a ceasefire. "Iran doesn't want to speak to Europe. They want to speak to us. Europe is not going to be able to help in this one," Trump said. Hundreds of U.S. citizens have fled Iran since the air war began, according to a U.S. State Department cable seen by Reuters. Israel's envoy to the United Nations, Danny Danon, told the Security Council on Friday his country would not stop its attacks "until Iran's nuclear threat is dismantled". Iran's U.N. envoy Amir Saeid Iravani called for Security Council action and said Tehran was alarmed by reports that the U.S. might join the war. A senior Iranian official told Reuters that Iran was ready to discuss limitations on uranium enrichment but that it would reject any proposal that barred it from enriching uranium completely, "especially now under Israel's strikes".
Time of India
an hour ago
- Time of India
Big blow for Iran: Israel kills weapons kingpin; October 7 mastermind eliminated in separate strike
The Israel Defense Forces (IDF) announced on Saturday that they had killed Behnam Shahriyari, the commander of the Quds Force's Weapons Transfer Unit within Iran's Islamic Revolutionary Guard Corps (IRGC). Alongside him, Saeed Izadi, a senior IRGC commander and head of the Quds Force's Palestine Corps, was also killed, IDF said. As per Israel, Shahriyari was responsible for all weapons transfers from the Iranian regime to its proxies across the Middle East, directly aiding efforts to destroy Israel. In a statement, the IDF said Shahriyari 'was eliminated more than 1,000 km from Israel while traveling in western Iran,' and described the operation as a major blow to Iranian-backed terrorist networks. "Shahriyari also commanded the transfer of hundreds of millions of dollars annually to various terrorist organizations. Furthermore, he led the extensive effort to finance and arm these terrorist organizations—an effort that has resulted in the deaths and injuries of many Israeli civilians and soldiers," the statement added. — IDF (@IDF) Shahriyari headed the IRGC's clandestine Unit 190, long suspected of smuggling advanced weapons to Hezbollah, Hamas, and Yemen's Houthi rebels. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Laxmi Ji Idol For Wealth, Peace & Happiness Luxeartisanship Shop Now Undo Israel has reportedly been targeting him since 2009. The IDF stated that Shahriyari 'worked directly with the Hezbollah and Hamas terror organizations, as well as with the Houthi regime and other groups,' and that he had overseen the distribution of 'numerous missiles and rockets that were fired at Israeli territory during the war. ' His death, the IDF added, is a 'severe blow' to the capability of hostile forces to regroup and rearm following sustained Israeli assaults. While Izadi was killed in a separate airstrike in the Iranian city of Qom. 'Izadi was eliminated in a safe house in the heart of Iran, following a prolonged intelligence effort,' the IDF said. He was described as 'one of the architects' of Hamas' October 7, 2023, massacre and as a key liaison between Tehran and Hamas. According to the IDF, Izadi maintained direct contact with Hamas commanders, funneled financial support to the group, and coordinated Iranian military strategy to destabilise Israel through multiple fronts. 'Izadi was one of the founders and leading figures behind the Iranian regime's plan to destroy Israel,' the IDF said. That plan allegedly involved a two-phase offensive: first, a widespread missile barrage launched by Iranian proxies, followed by a mass ground invasion by militants from Gaza, Lebanon, Syria, and the West Bank. Israeli defence minister Israel Katz called the operation 'a major achievement for Israeli intelligence and the Air Force,' and credited Izadi with arming Hamas ahead of the October 7 attack that launched the ongoing war in Gaza. Iranian media, while confirming Israeli strikes in Qom and other cities, initially omitted mention of Izadi's death, instead reporting civilian casualties, including a teenager. The dual strikes come amid heightened tensions and ongoing hostilities between Israel and Iran. As Israel continues its air campaign targeting IRGC figures and nuclear infrastructure, Tehran has responded with waves of missile and drone attacks. Israeli authorities say more than 450 missiles have been launched at their territory, prompting air raid sirens across Tel Aviv and other cities. While Iran insists its nuclear programme remains peaceful, Israeli officials claim their recent strikes have delayed Iran's nuclear ambitions by at least two to three years.
