Middle East and Global Tensions
US-Iran Tensions and Oil Markets: Tensions in the Middle East have reached a new level after the US Navy seized the Iranian ship 'Tauska' in the Gulf of Oman. Iran has called the incident 'piracy' and threatened retaliation. As a result, the price of crude oil in the global market has increased by about 6.4% to $87.90 per barrel.
Iran Rejects Talks: Tehran has refused to attend the previously scheduled peace talks with the US in Islamabad, Pakistan. Iranian President Masoud Pezeshkian has described the US's behavior as 'diplomatic betrayal'.
Israeli Military Position in Gaza: Recent satellite images show that Israel is building a permanent military base in Gaza. This military expansion has raised concerns in the international community, as the US-backed reconstruction plan remains on hold.

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