Day 10 of the Middle East war
“Oil prices will soon fall” ++ Iranians unsettled
The war in the Middle East continues unabated. The consequence: the conflict triggered a veritable financial earthquake in Europe at the beginning of the week. Meanwhile, US President Donald Trump expressed confidence about the course of the war – thereby dampening the previously sharp rise in oil prices somewhat.
The most important news in brief:
- In the eastern Mediterranean,NATO forces once again had tointercept a ballistic missile. It was apparently heading for Turkey. Emmanuel Macron announced in Cyprus that France and its "partners" are preparing a mission in the Strait of Hormuz.
- On Monday, the US sank one of the Revolutionary Guard's most modern ships with an elite corvette .
- The escalating war in the Middle East drove oil prices to their highest level since July 2022 on Monday and sent stock markets around the world into a tailspin. The price of a barrel of Brent crude oil rose briefly to almost $120, but fell significantly again during the course of the day.
- The effects are also clearly visible atAustria's gas pumps. On Monday, the price of diesel remained below the 2-euro mark only at the cheapest suppliers. There are some ideas from domestic politicians, but still no solution – Hungary and Croatia are already further ahead in this regard.
- President Donald Trump told US media that the war was "almost over." However, he immediately threatened the regime again, saying that the election of the new Iranian leader was a "big mistake."
Today's most important events to read about:
No end in sight to the conflagration
Since February 28, hundreds of targets have been attacked, including missile sites, Revolutionary Guard bases, and Iranian nuclear program facilities. Iran's supreme leader Ali Khamenei was killed in the first attacks, along with several high-ranking military officials. Tehran responded quickly with counterattacks: missiles and drones were fired at Israel and US military bases in the Middle East, including Bahrain, Kuwait, and Iraq.
The fighting has been going on since the beginning of March. According to their own statements, Israel and the US continue to carry out daily air strikes against Iranian infrastructure. At the same time, Tehran is also relying on attacks by allied groups in the region, including Hezbollah in Lebanon.
Hundreds of people were killed in the first days of the war, most of them in Iran, and thousands of targets in over a hundred cities were attacked. One political expert even considers a Third World War possible.
This article has been automatically translated,
read the original article here.
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