Israel, Iran Trade Strikes on Energy Infrastructure

Israel and Iran have exchanged direct attacks on each other's key energy infrastructure, with Israeli strikes hitting Iran's Shahran fuel depot and Shahr Rey oil refinery, and Iran launching retaliatory drone and missile assaults on Israeli targets. This escalation has led to significant civilian casualties on both sides and pushed Brent crude futures up over 4% and West Texas Intermediate crude by more than 3%, fueling fears of major disruptions to Middle Eastern oil and gas supplies. Regional and international leaders, including Turkey's President Erdogan, have called for urgent action, while Qatar and Oman have attempted to mediate without achieving a ceasefire. India, with strategic ties to both nations, is acting cautiously to protect its interests and regional stability. Western countries are preparing for possible Iranian sabotage against allies such as the UK. The International Atomic Energy Agency is set to address the crisis at its upcoming meeting amid ongoing uncertainty.