Israel Targets Iran’s Missile and Radar Systems, ECB Warns Prolonged War Could Trigger Global Inflation Surge
Tel Aviv: Israel’s air force is carrying out multiple precision operations targeting Iran’s air defence systems, eliminating several personnel, according to Israeli military spokesman Avichay Adraee. In a post on X, Adraee stated that Israel aircraft targeted personnel operating Iran’s radar systems and missile launchers, while also striking sites affiliated with Iran’s ballistic missile platforms.
The Trump administration has cited multiple reasons for the US-led air strikes on Tehran. Officials, including President Donald Trump, Secretary of State Marco Rubio, and Defence Secretary Pete Hegseth, claim the operations aim to neutralise Iran’s support for groups like Hezbollah and Hamas, follow Israel’s strategic lead, and curb perceived threats from Iran’s nuclear ambitions.
“There is no single justification; rather, a combination of national security threats and regional stability concerns guided our actions,” a US administration official told international media.
The move has drawn sharp criticism along partisan lines. Democrats argue the strikes are illegal without Congressional authorisation, while Republicans defend the operation, citing an imminent threat from Iran as justification.
Prolonged Middle East Conflict Could Trigger Global Economic Turmoil
European Central Bank chief economist Philip Lane warned that a persistent fall in oil and gas supplies amid a sustained conflict with Iran could trigger a massive spike in inflation and sharply reduce euro zone output, according to the Financial Times.
Lane noted that the breadth and duration of the conflict will determine its global economic impact. He referenced an ECB analysis from 2023 highlighting that a prolonged Middle East war could cause energy-driven inflation and disrupt regional economic activity, potentially sending shockwaves through international markets.
