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Brent crudejumping as much as 5 , though its since fallen back. Iran is the seventh largest Oil Producer in the world. The markets fear a further escalation of the conflict in the Middle East could mean iran blocks the Straits Of Hormuz a key waterway for Oil And Gas shipments. Meanwhile, israels Military Offensive against the iranian backed Hezbollah Militia goes on after the killing of its leader Hassan Nasrallah last week. Lebanese officials say at least nine people were killed and 14 injured in an israeli Air Strike on a building in central b ....
The us said this attack had twice the scope of irans last bombardment in april. Not all the targets hit were military. One landed in this residential suburb of Tel Aviv neighbours rushing through repairs before thejewish new year tonight. Temporary solutions to the problems of a regional war. 83 year old schmulik s home, one of more than A Hundred houses damaged here. Everybody was scared because the blast, it was an enormous blast. And when we get out of the shelter, we saw something not from this world. All the house was glasses, no windows, no doors. The impact site around 100 metres from his front door, another what if. This is the second time in six months that iran has attacked israel directly. Actions that were once seen as red lines are now becoming routine. Each time, the line between Message And Miscalculation ....