Iran launched strikes on Manama in Bahrain, hitting a residential high rise and killing at least one person with several injured
Newsquawk Staff ·
Iran launched strikes on Manama in Bahrain, hitting a residential high rise and killing at least one person with several injured.
What it means
The reported Iranian strikes on Bahrain mark a significant escalation in regional tensions, likely leading to increased volatility in oil prices, particularly WTI, as markets react to supply risk in the Middle East. This incident could impact risk sentiment broadly, steering traders towards safe havens and raising concerns about further retaliatory actions or conflicts in the area.
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press
- Israeli PM Netanyahu requests extension of voting in the legislative elections until after 10pm
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.
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