Iran-Israel war LIVE: Modi discusses West Asia conflict with Macron, Sultan of Oman, Malaysia PM
Why it matters: The escalating Iran-Israel conflict threatens global energy security and economic stability worldwide.
- Energy prices surged, with Brent crude exceeding $115 per barrel and European gas prices jumping over 30%, following Iranian attacks on Gulf energy facilities.
- Iran launched retaliatory strikes after an Israeli hit on its South Pars gas field, subsequently threatening to destroy regional energy infrastructure and proposing tolls on ships in the Strait of Hormuz.
- U.S. President Donald Trump confirmed Israel's strike on South Pars but denied U.S. involvement, while also threatening to destroy the field if Qatar's main gas plant was attacked again.
- India's Prime Minister Modi discussed the West Asia conflict with leaders including Macron, the Sultan of Oman, and Malaysia's PM, as around 1,000 Indians remain in Iran and 23,000 students in the Gulf are affected.
- The Hindu highlights Iran's criticism of France's Macron over his stance on the West Asia war, while Taiwan rejects China's 'reunification' offer amid the conflict, underscoring broader geopolitical ripple effects.
Escalating tensions in West Asia have sent global energy markets into turmoil, with Brent crude soaring past $115 per barrel after Iran retaliated against an Israeli strike on its South Pars gas field by attacking Gulf energy facilities. The conflict's economic fallout is now a major concern for Europe and Asia, as Iran threatens to impose tolls on the Strait of Hormuz and renews threats against regional energy infrastructure.
