Oil, gold prices set to flare up as US strikes Iran's nuclear sites

But despite the US hit, the Iran-Israel war is still going on, and Iran has threatened to attack US military installations in the Gulf
New Delhi
Gold and crude oil prices are expected to spike after the United States launched strikes on Iran's nuclear sites, marking its formal entry into the ongoing Iran-Israel war.
The attack, which took place early on Sunday, has deepened uncertainty in global energy markets amid fears that Tehran may block the Strait of Hormuz, a key oil transit chokepoint.
According to Iran's nuclear body, there are no signs of radioactive contamination following the US strikes, which, for now, have been limited to nuclear infrastructure rather than military or civilian targets. Tehran has threatened to retaliate by targeting

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Observer

44 minutes ago

• Observer

Trump's bombs on Iran blow up heat of Mideast war

WASHINGTON: President Donald Trump said US air strikes on Sunday "totally obliterated" Iran's main nuclear sites, with Tehran later accusing Washington of "blowing up" talks aimed at a deal on its nuclear programme. Following the attack — the United States' first large-scale strikes on Iran — Trump warned Washington would hit more targets if Tehran did not make peace. Hours later, Iran launched two waves of attacks against long-time foe Israel. "Tonight, I can report to the world that the strikes were a spectacular military success," Trump said, adding the key underground enrichment site at Fordo was hit, along with facilities in Isfahan and Natanz. "Iran's key nuclear enrichment facilities have been completely and totally obliterated. Iran the bully of the Middle East must now make peace," he said, warning future attacks would be "far greater" unless a diplomatic solution was reached. "Remember, there are many targets left." Iranian Foreign Minister Abbas Araghchi speaks during a press conference at the Lutfi Kirdar Congress Center, in Istanbul. — AFP Trump's intervention — despite his past pledges to avoid another "forever war" — threatens to dramatically widen the conflict, after Israel launched an unprecedented bombing campaign on Iran last week, with Tehran vowing to retaliate if Washington joined in. Iranian Foreign Minister Abbas Araghchi accused the United States of sabotaging diplomacy after talks with European powers. "This week, we held talks with the E3/EU when the US decided to blow up that diplomacy," he wrote on X. Aragchi later told reporters in Istanbul the United States and Israel had "crossed a very big red line", asserting Iran would continue to defend itself "by all means necessary". Israeli Prime Minister Benjamin Netanyahu hailed the US strikes, saying Trump's decision to "target Iran's nuclear facilities with the awesome and righteous might of the United States will change history". In response to the US attack, Iran's armed forces said they targeted multiple sites in Israel including Ben Gurion Airport, the country's main international gateway near Tel Aviv. Israeli rescuers said at least 23 people were wounded. Police said at least three impacts were reported. One of them was the Ramat Aviv area of Tel Aviv, tearing holes in the facades of apartment blocks. "Houses here were hit very, very badly," said Tel Aviv mayor Ron Huldai. "Fortunately, one of them was slated for demolition and reconstruction, so there were no residents inside." In Jerusalem, Claudio Hazan, a 62-year-old software engineer, said he hoped the US intervention would hasten an end to the Iran-Israel war. "Israel by itself would not stop... and it would take longer," he said. Protesters hold placards condemning the US attacks on Iran during a protest, in Seoul. — AFP Israel said it had launched fresh strikes on western Iran and in Qom, south of Tehran. Iran's official IRNA news agency reported four Revolutionary Guard members were killed in strikes on a military base in the city's north. The Israeli military said it had "struck missile launchers ready to launch towards Israeli territory, soldiers in the Iranian Armed Forces, and swiftly neutralised the launchers that launched missiles towards Israeli territory a short while ago". In Tehran, journalists said the roar of aircraft flying over the city could be heard repeatedly for the first time since Israel's initial attacks. The UN's International Atomic Energy Agency said it had not detected any increase in radiation levels at key nuclear sites in Iran following the strikes and Tehran said on Sunday there were "no signs of contamination". The Iranian foreign minister said he would travel to Moscow for "serious consultations" with Russian President Vladimir Putin on Monday. US media reported the strikes were carried out by B-2 stealth bombers dropping bunker-buster bombs, as well as submarine-launched Tomahawk cruise missiles. Following his address, Trump warned Iran against "any retaliation". Iran and its proxies have previously attacked US military bases in Iraq and elsewhere in the region. The US president had stepped up his rhetoric against Iran since Israel first struck Iran on June 13, repeating his insistence it could never have nuclear weapons. Israel and Iran have traded wave after wave of devastating strikes since then. Tehran denies seeking an atomic bomb. On Saturday, President Masoud Pezeshkian said Iran's right to pursue a civilian nuclear programme "cannot be taken away... by threats or war". — AFP

Time of India

an hour ago

• Time of India

Op Sindhu: 90 stranded Indians to arrive in Prayagraj today

Prayagraj: Around 90 people from Sangam City and nearby areas, including 20 members of a Dariyabad-based family, are expected to arrive in Prayagraj on Monday after being safely evacuated from Iran under Operation Sindhu. The group was previously stranded due to airspace restrictions. So far, over 1,400 Indian nationals have returned home from Iran under Operation Sindhu, the Ministry of External Affairs (MEA) said on Sunday. The first batch of 110 Indian nationals evacuated from Iran arrived in India on Thursday, with many evacuees sharing first-hand accounts of the frightening situation they witnessed before being moved to safer locations. India had announced the launch of Operation Sindhu on Wednesday to bring back its nationals from Iran and Israel in view of the precarious security situation arising out of Iran-Israel hostilities. Breathing a sigh of relief, the Dariyabad family — whose 20 members were stranded in various cities across Iran for over 10 days — expressed its gratitude and shared that the Indian embassy officials have made comprehensive arrangements for their safe return. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eat 1 Teaspoon Every Night, See What Happens A Week Later! [Video] getfittoday Undo Sameer Naqvi, a Dariyabad resident, shared the news that his mother and 19 other close relatives, who were stranded in Iran due to the ongoing conflict, are set to return home safely. After speaking with his family on Sunday, Naqvi confirmed that the Indian government and embassy officials have made arrangements for their safe return. Sameer said, "About 90 people from the city and adjoining regions, who were trapped in Iran for the past 10 days, are likely to reach New Delhi late Sundayor Monday morning, and they would then reach Prayagraj." Sameer expressed heartfelt gratitude to the Modi government for its tireless efforts to evacuate Indian citizens from war-torn Iran amid escalating tensions with Israel. He specifically thanked the embassy officials for their exceptional care and support. A 20-member Dariyabad-based family, including elderly individuals and two children, embarked on a pilgrimage to Iran on May 20. Their planned return date was June 13. However, due to the sudden escalation of tensions between Israel and Iran, their travel plans were severely disrupted. "All the families, whose members were stranded in Iran on their pilgrimage, are thankful to the Modi govt and embassy officials for taking better care of them in this time of crisis," said another family member, adding, "Embassy officials are constantly connecting with family members until their safe return is ensured." In a special gesture on June 20, Iran has lifted airspace restrictions for three charter flights to evacuate about 1,000 Indian nationals, mostly students, from the Iranian city of Mashad. Mohammad Javad Hosseini, the deputy chief of mission at the Iranian embassy, said more evacuation flights could be operated in the coming days to bring back Indians if required.

Middle East Eye

an hour ago

• Middle East Eye

Indian Prime Minister calls for de-escalation in phone call with Iran's president

Indian Prime Minister Narendra Modi has urged calm and dialogue during a phone conversation with Iranian President Masoud Pezeshkian, according to a statement from India's foreign ministry. Modi was briefed on the latest developments in the Iran-Israel conflict during the call, the ministry said on Sunday. He 'emphasised the need for immediate de-escalation, dialogue and diplomacy as the way forward' and reaffirmed India's backing for 'early restoration of regional peace, security and stability,' the statement added.