War alert: Iran under attack, Brent crude oil rises 10 percent
Israel has launched a large-scale attack on Iran's military and nuclear infrastructure. As Defense Minister Katz declares a state of emergency, oil prices have surged globally. Tensions are escalating in the Middle East.
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Israeli Defense Minister Yisrael Katz has announced that they are conducting an attack on Iran. Israel Army Radio reported that Defense Minister Katz has declared a state of emergency across Israel. While it was stated that numerous military targets in various regions of Iran were struck in the initial attack, it was noted that military targets, commanders, headquarters, and nuclear facilities were targeted.
The Israeli military also announced that they have launched a preemptive, precise, and combined attack to strike Iran's nuclear program.
OIL PRICES SURGED
The barrel price of Brent crude oil rose by over 10 percent to 77.63 dollars as of 06:00 Turkish time.
At the same time, the barrel price of West Texas Intermediate (WTI) crude oil also climbed by over 8 percent to 75.33 dollars.