Iran General NewsIran blast panics financial markets

Iran blast panics financial markets

-

The Independent: An explosion which turned out to be a dam blast in southern Iran sent jitters through financial markets amid speculation that the country’s only nuclear reactor had come under attack. The incident came as Iran and Syria announced yesterday that they would “form a common front” against external threats, and a day after the Islamic state confirmed that unmanned American spy planes were flying surveillance missions over nuclear facilities. The Independent

By Angus McDowall in Tehran and Anne Penketh

An explosion which turned out to be a dam blast in southern Iran sent jitters through financial markets amid speculation that the country’s only nuclear reactor had come under attack.

The incident came as Iran and Syria announced yesterday that they would “form a common front” against external threats, and a day after the Islamic state confirmed that unmanned American spy planes were flying surveillance missions over nuclear facilities.

Iran’s Arabic-language al-Alam satellite channel issued the first reports of an explosion in Deylam, about 100 miles from the Russian-built atomic plant at Bushehr, citing witnesses who said they had seen an aircraft fire a missile.

But the Islamic Revolutionary Guards Corps said the channel had been mistaken. Senior Israeli security sources were also quick to state that Israel had “no involvement”.

Later explanations on state television suggested that a fuel tank had fallen from an aircraft.

The news of the explosion caused international stock markets to dip, while oil futures prices jumped by nearly a dollar before settling down. By the end of the day, however, Ali Reza Afshar, deputy to the chief of staff of Iran’s armed forces, was playing down the incident. He said that “what happened was only a natural part of building work. These were heavy blasts carried out for the construction of the dam.”

The Islamic republic has been the subject of increased pressure over its nuclear power programme, which the US and Israel say is hiding substantial efforts to build an atomic bomb.

Only hours before yesterday’s explosion, the Israeli Foreign Minister, Silvan Shalom, was telling journalists at a breakfast meeting in London that Iran was just six months from reaching a critical point of knowledge that would allow it to develop a nuclear weapon.

Latest news

Details of the Execution of six PMOI Members

Following the execution of six prisoners affiliated with the People’s Mojahedin Organization of Iran (PMOI/MEK) by Iranian regime security...

International Conference Condemns Rise in Iran Executions, Voices Support for NCRI

An international conference was held near Paris on April 10 to protest the recent rise in executions in Iran....

Amnesty International: Internet Access Is a Fundamental Human Right and Must Be Restored Immediately

As Iran continues to experience one of its longest internet disruptions, Amnesty International on Friday, April 10, pointed to...

French Lawmakers in “La Tribune”: Change is in the Hands of the Iranian People, and the Resistance’s Plan is the Alternative to the “Velayat-e-Faqih”...

In a comprehensive and analytical op-ed published by the French newspaper "La Tribune Dimanche", French parliamentarians Philippe Gosselin, Christine...

Iran in A Bottleneck Over Restoring Infrastructure After Ceasefire

A few weeks after heavy U.S. and Israeli attacks, and under the shadow of a fragile ceasefire, Iran is...

U.S.–Iranian Regime Talks in Uncertainty

On the second day of the ceasefire between the United States and Iran's regime, with continued transit restrictions in...

Must read

Iran president: Israel completed Holocaust

AP: Mahmoud Ahmadinejad, Iran's hard-line president who has said...

You might also likeRELATED
Recommended to you