Today’s Top News: Israel-Iran Tensions Escalate, Global Markets React

 

🌍 Middle East & Global Tensions

• Israel launches massive strikes on Iran
  The Israeli military reportedly dispatched 200 aircraft targeting over 100 sites across Iran, including nuclear and military facilities, in an operation dubbed Operation Rising Lion. Iran responded by launching around 100 drones; explosions were reported near Tehran’s nuclear sites. Global leaders urge restraint amid fears of wider conflict 

• Oil prices surge, markets react
  In response to the Middle East escalation, oil futures spiked around 12% — the sharpest increase since January — before partially retreating as reports suggested Iran’s main refineries were largely undamaged

📰 US Domestic

Trump’s appeal denied in E. Jean Carroll case

• A U.S. appeals court refused to rehear former President Trump’s appeal in the defamation and sexual abuse case brought by writer E. Jean Carroll

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🇵🇰 Pakistan News

• Blasphemy case update

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  A mentally ill Christian man in Pakistan has been acquitted of blasphemy charges, amid ongoing concerns around related terrorism accusations

• Travel advisories issued
  Pakistan’s government has advised citizens considering pilgrimages to Iran or Iraq to postpone their travel due to heightened regional tensions

• Central bank expected to maintain interest rate

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  Pakistan’s State Bank is anticipated to hold its benchmark rate at 12%, citing inflation concerns tied to rising oil prices from the regional crisis 

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✈️ Air India Crash

• New details emerge

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  Tragedy struck Air India Flight AI171 bound for London, leaving only one survivor out of 242 on board. Distressing last communications from the cockpit have been reported 

📈 Markets & Commodity Watch

• Gold prices jump

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  Gold surged in Pakistan to Rs361,500 per tola (24K), driven by global instability following Middle East developments