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Trump pressures Iran to close nuclear deal following Israel’s attack
Israel launched an attack on Iran, targeting dozens of sites, including nuclear facilities. Its Prime Minister Benjamin Netanyahu said the attack would take “many days.” Iran confirmed that one of the targets, the Natanz nuclear facility, sustained damage. Iran’s Foreign Minister Abbas Araghchi called the attack a “declaration of war” in a letter to the UN Security Council, calling for immediate action from the body.
Oil prices spike over Israel-Iran conflict only temporary-TS Lombard
"Although reports are still coming in on the strike to refineries in Tabriz, the main effect would likely be on Iran’s economy, which relies on shadow crude exports, rather than having a material effect on oil supply, which OPEC has enough capacity to make up for, mitigating material effects on crude flows," Hamzeh Al Gaaod at GlobalData TS Lombard said. Israel targeted Iran with a series of strikes against nuclear sites and military targets, raising fears of an all-out war in the Middle East.
Commodity Roundup: Oil soars up to 13% after Israeli strikes on Iran raise fears of wider regional conflict
Brent crude briefly climbed above $78 a barrel, marking its largest intraday gain since March 2022, following Russia’s invasion of Ukraine, before pulling back slightly. WTI (CL1:COM) was up 7.2% at $72.95 a barrel, set for a
