Breaking News US and Israel War Against Iran

Stocks edged lower and oil prices climbed in Monday trading in Asia, reflecting investor concern over potential economic fallout from the U.S. strikes on three Iranian nuclear facilities over the weekend.

Futures contracts for the S&P 500, indicating how the index might perform when markets open in New York, slipped by about 0.3 percent. The price of West Texas Intermediate, the benchmark for U.S. crude, gained roughly 3 percent. Gold, a traditional safe-haven asset, also rose.

As Iran mulls the closing of the Strait of Hurmoz, India has increasingly been buying oil from diverse sources to reduce its dependence on the Middle East. India, one of the world’s largest importers, buys cheap oil from Russia, to the displeasure of Europe and the U.S. And they are buying more energy from the U.S. “A large volume of our supplies do not come through the Strait of Hormuz now,” Hardeep Singh Puri, India’s minister of petroleum and natural gas said.
 
Relations between Israel and the European Union have become even more fraught after the bloc found that Israel’s actions in Gaza, including the blockade of aid to the enclave, may have violated human rights obligations.

A review by the European Union’s diplomatic service investigated whether Israel had violated a provision in a treaty that came into force in 2000 and underpins relations between the two sides. Critics of Israel have called for the bloc to suspend the treaty, accusing the government of Prime Minister Benjamin Netanyahu of violating the rights of Palestinians en masse. Israel has rejected the accusations.
 
Prime Minister Benjamin Netanyahu of Israel said on Sunday night that Israel was “very, very close” to realizing its objectives in the conflict with Iran, hours after President Trump launched an American attack on three Iranian nuclear sites.

In a televised address, Mr. Netanyahu said that Israel had begun bombing Iran on June 13 “to remove two concrete, existential threats: the nuclear threat and the ballistic missile threat.”
 
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