Israel Warns Third Iran War Could Resume as Brent Crude Jumps 3.5%
Updated
Updated · sahi.com · Jun 29
Israel Warns Third Iran War Could Resume as Brent Crude Jumps 3.5%
3 articles · Updated · sahi.com · Jun 29
Summary
Brent crude rose 3.5% after Israeli Defence Minister Katz said hostilities with Iran would resume if Trump administration talks are exhausted or if Iran strikes first.
That warning pushed markets to price in higher Persian Gulf supply disruption risk, adding a geopolitical premium to oil and triggering broader risk-off sentiment.
India faces particular pressure because it imports more than 85% of its crude; the move could weaken the rupee, lift inflation and raise petrol and diesel prices by ₹2-₹3 a litre.
Middle East shipping is the wider fault line: the region handles about 30% of global maritime oil trade, so any escalation could drive war-risk insurance costs sharply higher and raise import bills globally.
Does Israel’s undeclared nuclear arsenal undermine its campaign against Iran's program and risk a wider arms race?
After his father's assassination, will Iran's new Supreme Leader seek revenge or diplomacy to counter Israel's threats?
As Israel develops space-based laser weapons, what new rules will govern this next frontier of Middle Eastern conflict?
Israel-Iran War 2026: Proxy Warfare, Shifting Alliances, and the Humanitarian Cost
Overview
Israel is on high alert due to ongoing threats from Hezbollah and recent escalations with Iran, including a major missile attack on June 7, 2026. Defense Minister Israel Katz has declared that Israel will not withdraw from Lebanon until Hezbollah disarms, showing a firm stance against Iran-backed groups. The region has seen a sharp rise in hostilities, with Iran’s actions forcing Israeli leaders to make tough decisions about retaliation. This cycle of attacks and responses highlights the deep-rooted tensions and the complex security challenges facing Israel and its neighbors.