Europe News

Iran-Israel conflict is rapidly expanding across Middle East, with fresh Israeli strikes in Tehran and attack on Beirut hotel targeting Iranian commanders. Iran says it can sustain war for 6 months, while drone and missile attacks have reached Gulf. 

The Middle East war between Iran, the United States and Israel intensified on Friday with drone strikes, missile attacks and explosions reported across the Gulf region. Iran targeted US bases in Kuwait and struck a ship in the Strait of Hormuz, while Israel launched new attacks on Tehran and Lebanon.

Global oil prices surged this week as rising Middle East crisis disrupted energy supplies. WTI crude jumped above $86/barrel while Brent climbed near $89, marking strongest weekly rally since 2022. Concerns grew after Qatar warned exports could halt.

Growing tensions in the Middle East have raised fears that a wider global conflict could erupt if major powers become involved. Military analysts say several US cities could be key targets in a nuclear war because of their strategic importance.

Human remains found near Wos River in Bali have been confirmed through DNA testing as those of Ukrainian tourist Igor Komarov, who was kidnapped in February. The 28-year-old was abducted while riding a scooter and a disturbing ransom video later showed him begging his parents for $10 million. Police believe he was held at villa before being killed.

How countries warn against Mideast war as US, Israel strike Iran: Nations across Europe, the Gulf, Africa and beyond urged restraint after the United States and Israel carried out coordinated strikes on Iran. At least 40 have been killed in Iran.

Airspace over Iran, Israel and parts of Iraq closed after US-Israel strikes triggered regional security fears. Major airlines including Air India and IndiGo suspended Middle East flights, while many int'l carriers cancelled services or rerouted.

Crude oil rose to $66.95/barrel, rising from the day before and up sharply over past month. Prices are still below last year's levels. Markets are reacting to US-Iran talks, potential global tariff hikes and risks to suppliers near Strait of Hormuz.

Crude oil traded at $66.31 per barrel on February 20, slipping slightly but staying near a six-month high. Prices gained over 9% in a month due to rising geopolitical tensions, falling US inventories, and supply concerns.

Crude oil rose to $64.19 per barrel on February 18, gaining nearly 3% amid rising geopolitical tensions. WTI futures climbed to $63.7 as Ukraine-Russia talks stalled and Iran temporarily shut parts of the Strait of Hormuz during military drills.