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

Iran’s Gold Merchants on Strike in Several Cities

Reports and images circulated on social media indicate the expansion of protests and strikes by gold sellers in several...

Intense Rainfall and Floods Damage Dozens of Cities Across Iran

Heavy rainfall has again led to flooding in dozens of cities across Iran, damaging residential homes and agricultural lands....

Iran is the Second Largest Prison for Writers in the World

The 2023 Freedom to Write Index, released by PEN America, shows that Iran continues to be the world’s second-largest...

Iranian Proxies Still Planning Attacks on US Forces

On Thursday, May 2, Avril Haines, the director of the U.S. National Intelligence Agency, told a Senate Armed Services...

Growing Calls for the Terrorist Designation of the IRGC

On Monday, April 29, the Iranian regime’s Foreign Ministry spokesman, Nasser Kanani, in a weekly press briefing, claimed that...

Iranian Merchants Facing 60% Decline in Sales Due to Presence of Morality Police

Discontent among merchants due to a 60% decrease in sales attributed to the presence of the morality police, exerting...

Must read

Iran won’t accept offer on halting atomic work

Reuters: President Mahmoud Ahmadinejad said on Sunday Iran would...

Persian nuclear carpet ride

Wall Street Journal:The Administration was right in January when...

You might also likeRELATED
Recommended to you

Exit mobile version