Iran, Israel and Trump
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Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East.
Amid ongoing strikes between Israel and Iran, Trump is publicly and privately making clear his desire to keep the United States out of the fray for now.
Iran conflict could open opportunities for Russia to possibly become a power broker to help end the confrontation.
In many ways, it’s conceivable that Israel's Operation Rising Lion will alter the military balance of power in the Middle East more so than the 1991 Persian Gulf War.
Stock futures decline before Monday's session as the escalating conflict between Israel and Iran spiked oil prices and raised investors' concerns about the global economy. WTI crude oil futures surged another 4% Sunday night as trading began to above $76 a barrel.
In a video posted Sunday on X, Haan said gasoline prices have increased by 8% since Israel launched its first attack on Friday and could jump by as much as a quarter soon.
The conflict, the most intense fighting between the two countries in decades, has been met in the United States with feelings of “frustration and helplessness,” as well as heartbreak.
Rising tensions with Iran and fears of an Israeli strike prompted the U.S. to move some of its nonmilitary personnel out of the region.
It is the first time that Britain has advised against travel to any part of Israel since 2013, when the FCDO set up its dedicated travel advice pages. Starmer has not ruled out offering air support to defend Israel from Iranian attacks, as additional RAF fighter jets and other military aircraft were deployed to the Middle East.