What’s the impact of the Israel-Iran conflict on oil prices?

Energy markets are strewn over and worried about inflation as a result of their air strikes.

Every missile launch could have an impact on the world economy as the Israeli-Iran conflict gets worse.

20% of the world’s oil, which travels through the Strait of Hormuz, is in danger.

Travel, tourism, and the shipping industry are all threatened by threats that are vital to trade routes.

Oil was at a record high of $76.45 per barrel. The cost of living would go up if they kept rising, making it impossible to compare everywhere.

VIDEO: President Tinubu Visits Benue Over Killings, Meets Stakeholders

President Bola Tinubu is visiting the state today following the deadly attack that occurred last Friday in the Yelewata community in Benue State. &nbsp,

Around 12:58 p.m., Tinubu made an arrival at the Tactical Air Command, Nigerian Air Force Base, Makurdi.

Before meeting with stakeholders at the government house banquet hall, the President made a visit to the victims of the attack at Benue State University Teaching Hospital.

Watch the video below:

Is Iran ‘very close’ to building a nuclear bomb as Trump claims?

Returning early from the Group of Seven summit in Canada early on Tuesday, United States President Donald Trump told reporters he believed Iran was “very close” to building nuclear weapons.

His comments were in keeping with increasingly threatening social media posts and language from Trump against Iran in recent days during Israel’s escalating conflict with its longtime Middle Eastern rival.

Since Friday, Israel has bombed Iran’s top nuclear facilities and has killed at least 14 Iranian nuclear scientists. Israel’s armed forces said the scientists “were key factors in the development of Iranian nuclear weapons” and “their elimination is a significant blow to the regime’s ability to acquire weapons of mass destruction (WMDs).”

Iran insists that its nuclear programme is entirely peaceful and for civilian purposes. It points to Supreme Leader Ali Khamenei’s edict against nuclear weapons to back up its assertion.

But Trump’s comments on Monday echoed the claims made on multiple occasions by Israeli Prime Minister Benjamin Netanyahu for more than two decades – and repeated by him during the current conflict – to justify military action against Iran.

“In recent months, Iran has taken steps that it has never taken before: steps to weaponise enriched uranium,” Netanyahu said on Friday after the first wave of missiles struck Iranian nuclear facilities.

So is Iran indeed close to building a nuclear bomb as Trump and Netanyahu claim? And are there parallels between the accusations against Iran and the fraudulent allegations of nonexistent WMDs used by the US and its allies to attack Iraq in 2003?

We look at the facts and assessments of the US’s own intelligence community and the United Nations nuclear watchdog, the International Atomic Energy Agency (IAEA).

What does US intelligence say about Iran’s nuclear programme?

On March 25, Trump’s director of national intelligence, Tulsi Gabbard, unambiguously told members of the US Congress that Iran was not moving towards building nuclear weapons.

“The IC [intelligence community] continues to assess that Iran is not building a nuclear weapon and Supreme Leader Khamenei has not authorized the nuclear weapons programme he suspended in 2003,” she said, referring to a collection of US spy agencies that collaborate to make such assessments.

But Gabbard also said there had been an “erosion of a decades-long taboo in Iran on discussing nuclear weapons in public, likely emboldening nuclear weapons advocates within Iran’s decision-making apparatus”.

Iran’s “enriched uranium stockpile is at its highest levels and is unprecedented for a state without nuclear weapons,” she added.

On Monday, when reporters quoted Gabbard’s testimony to Trump, he said: “I don’t care what she said. I think they were very close to having” a nuclear weapon.

“Iran cannot have a nuclear weapon. It’s very simple,” he added.

Gabbard, when asked about Trump’s comments, told reporters that she and the US president were aligned – but did not explain how, given their differing assessments of Tehran’s nuclear programme.

What does the US military think?

On June 10, three days before Israel launched its attacks on Iran, Erik Kurilla, the commander of the US military’s Central Command, told a Senate committee that Tehran was “continuing to progress towards a nuclear weapons” programme.

On the surface, that assessment appears to be at odds with Gabbard’s from March. But Kurilla did not say that the US military thought Iran currently had a programme to develop nuclear bombs – but that it was progressing towards such a stage.

What the general did do was to question why Iran had high levels of enriched uranium. “Stockpiles of enriched uranium continue to accumulate in facilities across the country under the guise of a civilian nuclear programme,” he said. “Iran continues to gain knowledge and skills directly linked to nuclear weapon production.”

What is uranium enrichment, and what has Iran been doing?

Iran has been enriching uranium at up to 60 percent purity – and that has concerned the IAEA and critics of Tehran’s nuclear programme.

Uranium enrichment is the process of increasing the concentration of the uranium-235 isotope in natural uranium, which normally contains only about 0.7 percent U-235. To build a nuclear weapon, uranium must be enriched to about 90 percent U-235. Once enriched to those levels, uranium is considered “weapons-grade”.

Once uranium is enriched to 60 percent, it reduces the time required to reach weapons-grade, which is why higher enrichment levels attract greater scrutiny from watchdogs like the IAEA.

Iran denies pursuing nuclear weapons and asserts its legitimate right, as a signatory to the nuclear Non-Proliferation Treaty (NPT), to develop nuclear technology for peaceful purposes, including uranium enrichment.

Does the IAEA think Iran is building nuclear weapons?

Addressing the UN watchdog’s Board of Governors on June 9, IAEA Director General Rafael Grossi said Iran had accumulated 400kg (880lb) of uranium enriched to 60 percent.

“While safeguarded enrichment activities are not forbidden in and of themselves, the fact that Iran is the only non-nuclear-weapon State in the world that is producing and accumulating uranium enriched to 60 percent remains a matter of serious concern,” he said in a report to the Board of Governors.

On Thursday, a day before Israel’s attacks on Iran’s nuclear facilities, the IAEA board passed a resolution censuring Tehran and accusing it of violating its safeguards-related commitments to the UN agency.

But in an interview with CNN on Tuesday, Grossi was emphatic that Iran’s alleged violations of its assurances had not led his agency to conclude that Tehran was building bombs.

“We did not have any proof of a systematic effort to move into a nuclear weapon,” he said.

Meanwhile, Iran’s Ministry of Foreign Affairs and Atomic Energy Organization have rejected the IAEA’s resolution, insisting that Tehran remained committed to its safeguards obligations.

Can Iran build nuclear weapons soon – and how soon?

In his June 10 testimony, Kurilla claimed that if Iran were to decide to “sprint to a nuclear weapon”, it had enough stockpiles and centrifuges to produce up to 25kg (55lb) of weapons-grade uranium in “roughly one week” and enough to build up to 10 weapons in three weeks.

But Grossi, in the CNN interview on Tuesday, suggested a very different timeline.

“Certainly, it was not for tomorrow, maybe not a matter of years,” he said. “I don’t think it was a matter of years.”

And neither Kurilla, a military commander, nor Grossi, the boss of the UN’s nuclear regulator, have indicated how long they think it might take a country to actually build atomic weapons once they have a stockpile of weapons-grade uranium, even if that were Iran’s intention.

Kelsey Davenport, director for nonproliferation policy at the US-based nonprofit Arms Control Association, suggested Israel also knows that Iran has no imminent ability to build a bomb.

“If there was truly an imminent proliferation risk, if Israel really thought that Iran was dashing towards a nuclear weapon, I think there would have been a much more sustained campaign trying to disrupt activities at Fordow and other activities at the Natanz site,” she told Al Jazeera, referring to Iranian nuclear facilities.

Are there echoes of 2003 and WMDs in the current debate?

To several observers of the Middle East, there are.

In the lead-up to the 2003 US invasion of Iraq, the US and the United Kingdom asserted that Iraq possessed WMDs, including chemical and biological weapons, and that it was pursuing a nuclear weapons programme.

These claims were central to justifying military action under the argument that Iraq posed an imminent threat to regional and global security. The US intelligence assessments at the time, including the 2002 National Intelligence Estimate, supported this view although with varying degrees of confidence.

After the invasion, extensive searches found no active WMD programmes in Iraq.

Member of Irish rap band Kneecap appears in court on ‘terrorism’ charge

As hundreds of his supporters gathered outside the building, an Irish rapper group called Kneecap, who is accused of “terrorism” allegedly, made an appearance in court in London.

One month after being accused of allegedly waving the flag of the Lebanese armed group Hezbollah at a concert in the UK’s capital in November, Liam O’Hanna, who performs under the name Mo Chara, entered Westminster Magistrates’ Court on Wednesday morning.

It is against British law to display articles that promote extremist organizations like Hezbollah.

The charge of “terrorism” has been dropped by Kneecap, a Belfast-based group that raps in English but mostly uses Gaeilge, the Irish language.

We vehemently defend ourselves and deny this “offence.” Political policing is involved here. The band wrote on X last month that this is a carnival of distractions.

Last month, O’Hanna claimed the event was an attempt to “silence us” at London’s Wide Awake Festival.

The band has long criticized Israel’s actions in Gaza, claiming that it is “genocide,” which the Israeli government denies.

The rapper’s alleged stance on Israel and Palestine was made known in court on Wednesday, according to the prosecution.

According to prosecutor Michael Bisgrove, “he is well within his rights to express his opinions and show his solidarity, just like everyone else.”

The video recording shows that Mr. O’Hanna wore and displayed the Hezbollah flag while yelling “up Hamas, up Hezbollah” in November of last year.

The defendant’s attorney, Brenda Campbell, disputed that the charge was brought too late because it occurred more than six months after the alleged crime was committed at a concert in Kentish Town, north London.

On June 18, 2025, as Liam O’Hanna of the Irish group Kneecap leaves Westminster Magistrates’ Court in London, England. [Peter Nicholls/Getty Images]

If we are correct, Campbell argued, “This court has no jurisdiction, and the case is over,” and that is what happened.

A second hearing would be held on August 20 to evaluate whether the defense’s assessment was accurate.

Kneecap took to X to report that dozens of Palestinians had been killed by Israeli soldiers in Gaza on Tuesday while waiting for aid truck drivers.

While doing so, they will try to demonize Mo Chara as a terrorist tomorrow, Kneecap continued.

An Irish activist who used the name Patrick to refer to Patrick outside the courtroom in London on Wednesday referred to the charge against O’Hanna as “nonsense.”

He told Al Jazeera, “This case has all the characteristics of a political show trial.”

Sarah Cotte, age 21, claimed that the group was being “targeted because they have shown unwavering and unbowed solidarity with the Irish people and the Palestinian struggle.”

A semi-fictional film about the band won numerous awards, including one at the Sundance Film Festival, and the band rose to fame last year.

Paul Weller and Brian Eno, two well-known British musicians, have praised the Irish trio’s support, calling it a “concerted attempt to censor and de-platform Kneecap.”