Oil prices have jumped above $115 a barrel as the month-long war spills deeper into the Gulf
Kuwait said a power generation and water distillation plant was damaged in what it described as an Iranian attack on Monday, while Iranian media reported a suspected US-Israeli strike on the Tabriz Petrochemical Company.
Further escalating tensions, President Donald Trump said he was not ruling out the possibility of US forces seizing Iran’s key export hub on Kharg Island in order to take control of the Islamic Republic’s oil exports.
Oil prices surged above $115 a barrel as the new reports added to concerns over energy supply disruptions, while Gulf states remained on edge over the vulnerability of desalination facilities critical to water security.
The fighting has continued to widen despite diplomatic efforts involving Pakistan, Türkiye, Egypt and Saudi Arabia, with Yemen’s Iran-backed Houthis now formally entering the conflict and Washington reinforcing its military presence in the region.
The foreign ministers of Pakistan, Türkiye, Egypt and Saudi Arabia met in Islamabad for peace talks earlier on Sunday.
Iran has received proposals from the United States through mediators, but Tehran considers them “highly unreasonable,” Foreign Ministry spokesperson Esmaeil Baqaei said, according to the RT bureau in Iran.
The Israeli military said it is ready for a “multi-front war” after Yemen’s Iran-backed Houthi rebels entered the conflict with missile attacks on Israel.
The Islamic Revolutionary Guard Corps announced that it would “begin bombing” the homes of US and Israeli officials and military commanders in retaliation for repeated strikes on residential buildings that have killed nearly 2,000 civilians in Iran over the first month of the war.
Follow our live coverage below for continuous updates. You can also read our previous updates here.
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