Iran raining bombs on Israel..!? Is this a problem for India..?

Sowmiya Sriram
Iran raining bombs on Israel..!? Is this a problem for India..?
Iran fired nearly 400 missiles at israel on tuesday night in retaliation for the killing of Hezbollah leader Hassan Nasrallah and the death of the head of Hamas in an Israeli airstrike last week. Most of these missiles not only hit israel but also caused a significant amount of damage, so there is a fear in the Middle east that Israel's retaliatory attack will be very bad. More importantly, Israel's iron Dome is said to have malfunctioned in the attack, while iran is also believed to have received no advance information on the Mossad. Yesterday's attack by iran is believed to have exposed the holes in Israel's defense and intelligence services. Supporters of the Palestinian people around the world celebrated Iran's attack as israel continued to attack its neighbors over the past year. Celebratory videos and photos of supporters of the Palestinian people are piling up on Twitter. At the same time, Israel's army has clearly stated that it will retaliate. This attack between israel and iran is not just between the two countries, but the entire Middle East. Similarly, the US military and the US government are providing excessive assistance to Israel. So there are chances that it might even turn into a world war.
Crude oil is the most affected by the war between israel and iran, iran not only has a significant share of the international crude oil market but also supplies many countries on a daily basis. In this case, Iran's crude oil supply will be affected by this attack. As the price of crude oil has decreased in the last few countries, there was an expectation that the price of petrol and diesel would decrease in India. But with yesterday's attack, the price of crude oil has increased sharply in the international market.
WTI crude oil prices rose 1.75 percent in morning trade, while Brent crude, a mainstay in the european market, rose as much as 1.60 percent. This price hike could have a major impact on the crude oil trading market. And the major problem is that this price hike will not stop immediately and will continue for the next few days. As a result, the possibility of a reduction in petrol and diesel prices in india has completely disappeared.

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