• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 12 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days Does Toyota Know Something That We Don’t?
  • 7 hours America should go after China but it should be done in a wise way.
  • 6 days World could get rid of Putin and Russia but nobody is bold enough
  • 8 days China is using Chinese Names of Cities on their Border with Russia.
  • 9 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 9 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 9 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 8 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 9 days Putin and Xi Bet on the Global South
  • 9 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 10 days United States LNG Exports Reach Third Place
  • 10 days Biden's $2 trillion Plan for Insfrastructure and Jobs
A Signal of Strong Short Term Demand in Oil Markets

A Signal of Strong Short Term Demand in Oil Markets

A significant development this week…

California Startup Boasts Breakthrough in Hydrogen Storage

California Startup Boasts Breakthrough in Hydrogen Storage

Despite challenges, startups like H2MOF…

Iran’s Strike in Pakistan Adds to Middle East Tensions

Iran carried out a missile attack in the western part of its neighbor, nuclear-armed Pakistan, targeting sites linked to militant group Jaysh al-Adl, and adding another flare-up to the already tense situation in the Middle East.

Jaysh al-Adl is considered the “most active and influential” Sunni militant group in Sistan-Baluchestan, according to the office of the U.S. Director of National Intelligence. The group is designated as a terrorist group by Washington and Tehran.

This is the third strike in one week from Iran on another country in the region, after attacks on targets in Iraq and Syria in recent days.

Following the attack, which Pakistan said killed two children, Pakistan recalled its ambassador to Tehran and said the strike was a “blatant violation” of its airspace. 

Pakistan’s Foreign Ministry denounced the attack and summoned an Iranian diplomat in Islamabad “to convey our strongest condemnation of this blatant violation of Pakistan’s sovereignty.”

Pakistan warned there would be consequences, saying that “The responsibility for the consequences will lie squarely with Iran.”

Iran and Pakistan have had cordial relations but each has accused the other of harboring militants that perpetrate attacks.

The latest flare-up in the Middle East comes days after a missile attack carried out by Iran’s Islamic Revolutionary Guard Corps killed a prominent Kurdish energy businessman at his home in Erbil.

Some outlets note that Peshraw Dizayee, who died in the attack with four family members, had purported ties with Israeli intelligence services and that the attack was in fact an assassination.

The tensions in the region have intensified in recent weeks, as the Iran-backed Houthis ramped up attacks on commercial shipping in the Red Sea and declared open season on any U.S. ship transiting the area, in response to last week’s U.S.-UK missile strikes on Houthi targets in Yemen.

ADVERTISEMENT

Despite the most recent flare-up with the Iranian attack in Pakistan, oil prices fell early on Wednesday, reflecting worse-than-expected Chinese GDP data and a rising U.S. dollar.   

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News