#iranstrike

Israel says missile fired from Yemen after Houthis warn other countries ‘fingers are on the trigger’

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Main developments

Drone and missile attacks continued across the region on Saturday after 12 US troops were wounded in an Iranian strike on the Prince Sultan Air Base in Saudi Arabia on Friday night, one of the most significant attacks on American forces of the conflict.

Iran claimed one US refuelling aircraft was destroyed and three others were damaged in the attack.

Israel’s military attacked two Iranian nuclear facilities, which Iran’s foreign minister said were for civilian nuclear energy. Tehran is exploring a possible exit from international commitments designed to limit its nuclear programme.

Iran also said Israel also hit steel factories and a power plant, raising concerns that US Donald Trump’s 10-day reprieve in strikes against infrastructure was breaking down.

Brent crude settled 4.2 per cent higher at $112.57 a barrel on Friday, its highest closing price since July 2022. US stocks fell further, taking the S&P 500 to a 7.4 per cent loss since the war began.

US secretary of state Marco Rubio told G7 partners that the war against Iran will last another two to four weeks.

Yemen’s Houthi rebel group warned its “fingers are on the trigger” should other countries join the US and Israel in the war.

Oil exports continue to flow at Kharg Island, Iran insists

Iran’s oil exports from Kharg Island, the country’s main crude export terminal, are continuing uninterrupted, according to Iranian lawmakers who visited the site.

A spokesperson for parliament’s national security committee said on Saturday that operations were proceeding as normal.

“Thank God life goes on. Oil exports continue without any problems and we did not notice any particular disruption,” the spokesperson said in a video message from the island.

Kharg Island handles the vast majority of Iran’s crude shipments, making it a critical node in the country’s energy infrastructure. Analysts had speculated that the US could might seize the island to help reopen the Strait of Hormuz.

The danger of war in Iran” lays out a stark reality: this isn’t just a targeted military strike — it’s a test of global order. The U.S. and Israel’s actions risk not only escalation in the Middle East but also undermine long-standing international norms meant to keep major powers in check. By acting without broad international authorization, the rules designed to prevent wider conflicts are weakened, sending a signal to every nation that power may define right.

The security threat is clear, but the larger, largely unaddressed danger is economic. Disruption of the Strait of Hormuz, through which a significant portion of the world’s oil and gas flows, drives global energy prices higher. Shipping costs spike, rerouting creates delays, and inflationary pressures ripple across economies. The U.S., already managing high debt and fragile post-pandemic markets, faces additional strain. Investors react to instability with volatility, shifting capital toward “safe haven” assets, signaling systemic anxiety over prolonged conflict.

Long before the strike, nations in the East and Global South were exploring alternatives to the U.S. dollar. The more unilateral and destabilizing U.S. actions appear, the faster trust in the USD could erode. Dollar dominance depends on global confidence, and if confidence falters, the economic implications are structural, not just symbolic.

Leadership itself is in question. Unilateral strikes may project strength, but they alienate allies and weaken U.S. credibility. A reinforced and credible United Nations framework, properly funded and transparent, could serve as a globally recognized arbiter of security and economic cooperation — a model that might prevent reliance on a single hegemon and stabilize the system.

Economic resilience is central. If the dollar’s global role declines, the U.S. financial system faces real vulnerability. An emergency socioeconomic program, coordinated through major financial networks such as Mastercard, Visa, American Express, and Discover, could provide liquidity and maintain transaction continuity in volatile conditions. While unconventional, such a program highlights that global economic stability cannot rely on one nation alone.

The Brookings piece rightly focuses on military and geopolitical risks, but the deeper story is economic. War doesn’t only reshape borders — it can fracture currencies, alliances, and global power structures. The consequences for the U.S. could be profound: inflation, market instability, and a weakening of international influence, all hidden beneath the headlines.

The lesson is clear: unilateral military action has far-reaching implications beyond immediate security concerns. For a stable global system, multilateral cooperation and robust economic safeguards are essential. Without them, the world risks not only conflict escalation but also a fundamental shake-up of the financial order, where the U.S. dollar and American economic leadership could face unprecedented pressure.

🧨 "Line in the Sand" Israel just took the gloves off with Iran. Some call it defense. Others call it provocation. Hezbollah. Houthis. Uranium. Missiles. This isn’t just another skirmish—it could shape the future of the region.

According to the channel, Israel warned Washington about its actions shortly before the attack. Previously, the United States and a number of European countries warned Netanyahu that they would not participate in hostilities against Iran.

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