Iran warns of ‘devastating’ economic fallout from any Israeli attack
TEHRAN: Iran on Wednesday warned of a devastating economic impact from any new Israeli-led attack, as the votes were counted in an Israeli election that could determine the future of the regional war. Under Israeli Prime Minister Benjamin Netanyahu, who has vowed to topple Iran’s government, the two countries have directly fought a war for the first time in their history after decades of enmity.…
Iran has issued a stern warning of "devastating" economic repercussions should Israel launch another military attack, as voters in Israel made their choice in a recent election that could influence the ongoing regional conflict. Tensions escalated in February when Iran initiated the current war, leading to a blockade of the Strait of Hormuz, a critical route for global oil and liquefied natural gas shipments.
Iranian Foreign Minister Abbas Araghchi expressed concern over the potential economic fallout from any "Israel-instigated military misadventure" in the Gulf region, highlighting the impact on international markets.
The United States has reportedly advised several Gulf Arab nations to prepare for a possible "short, intense military campaign" against Iran following the US midterm elections on November 3. However, President Donald Trump has not yet made a final decision. Meanwhile, Netanyahu, who is seeking to form a coalition government after the election, has vowed to topple Iran's government, stating Israel aims to eliminate the "existential threat" posed by Iran.
Despite this, his main rival, Gadi Eisenkot, urged Israel's security leaders to prioritize national interests over political considerations.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
