Several explosions in Tehran, Iran

Several explosions in Tehran, Iran

Several explosions have rocked Tehran, Iran, in response to recent Israeli airstrikes targeting the country's nuclear facilities. The strikes, which have been ongoing for the 11th day, have escalated tensions in the Middle East and raised concerns about potential economic repercussions.

Israel's military has reported striking military infrastructure sites in Kermanshah, western Iran, as part of its ongoing campaign against Iran. The Israeli air force has stated that it is currently targeting military infrastructure sites in Kermanshah [1].

In response to the strikes, Iran's parliament has been considering a bill to suspend its cooperation with the UN nuclear watchdog, the International Atomic Energy Agency (IAEA). Parliament Speaker Mohammad Baqer Qalibaf has stated that Iran is seeking to pass a bill that would suspend cooperation with the IAEA until it receives objective guarantees of the organization's professional behavior [2].

The European Union's top diplomat, Kaja Kallas, has warned that an Iranian closure of the Strait of Hormuz would be extremely dangerous and not good for anyone. The strait, which is crucial for global oil and gas supply, sees about 20% of global oil and gas demand flow through it [3].

Iran has also threatened the United States with severe repercussions following the strikes. The country's armed forces spokesman, Ebrahim Zolfaghari, has warned that the strikes will widen the scope of legitimate targets for Iran's armed forces and pave the way for the extension of war in the region [4].

China has urged Iran and Israel to de-escalate the conflict to prevent the "spillover" of war. The Chinese foreign ministry has stated that the parties to the conflict should prevent the situation from escalating repeatedly and resolutely avoid the spillover of war [5].

The situation in the Middle East has been described as "very urgent" by South Korean President Lee Jae Myung, who has called for additional measures to stabilize financial markets [6].

The ongoing conflict has raised concerns about potential disruptions to global oil supply and the stability of financial markets. As the situation continues to evolve, investors and financial professionals should closely monitor developments and consider the potential economic implications.

References:
[1] https://www.france24.com/en/middle-east/20250623-live-trump-says-strikes-on-iran-inflicted-monumental-damage-to-tehran-s-nuclear-program
[2] https://www.france24.com/en/middle-east/20250623-live-trump-says-strikes-on-iran-inflicted-monumental-damage-to-tehran-s-nuclear-program
[3] https://www.france24.com/en/middle-east/20250623-live-trump-says-strikes-on-iran-inflicted-monumental-damage-to-tehran-s-nuclear-program
[4] https://www.france24.com/en/middle-east/20250623-live-trump-says-strikes-on-iran-inflicted-monumental-damage-to-tehran-s-nuclear-program
[5] https://www.france24.com/en/middle-east/20250623-live-trump-says-strikes-on-iran-inflicted-monumental-damage-to-tehran-s-nuclear-program
[6] https://www.france24.com/en/middle-east/20250623-live-trump-says-strikes-on-iran-inflicted-monumental-damage-to-tehran-s-nuclear-program