Iran warns that a new escalation provoked by Israel will deal a "devastating" blow to global energy markets. On Wednesday, Iranian Foreign Minister Abbas Arajchi warned that any new military escalation provoked by Tel Aviv in the Persian Gulf would have a "devastating effect" on international energy markets. In a social media post after the Forum of Gas Exporting Countries summit in Moscow, Arajci said possible military violations of energy transport routes in the Persian Gulf continue to be a major concern for global gas suppliers and consumers. This warning was repeated by Iranian President Massoud Pazhakian during high-level meetings with international representatives in the Russian capital. The Iranian Foreign Minister's words came in response to the increase in belligerent rhetoric from West Jerusalem and Washington following the unjustified joint military operation between the US and Israel that began on February 28. As Israeli Prime Minister Benjamin Netanyahu tries to form a viable parliamentary coalition after the very close election results, he said on Wednesday that he saw a "unique opportunity" to work with US President Donald Trump to deal with what he called an "existential threat" from Iran.

Iran warns that a new escalation provoked by Israel will deal a "devastating" blow to global energy markets. On Wednesday, Iranian Foreign Minister Abbas Arajchi warned that any new military escalation provoked by Tel Aviv in the Persian Gulf would have a "devastating effect" on international energy markets. In a social media post after the Forum of Gas Exporting Countries summit in Moscow, Arajci said possible military violations of energy transport routes in the Persian Gulf continue to be a major concern for global gas suppliers and consumers. This warning was repeated by Iranian President Massoud Pazhakian during high-level meetings with international representatives in the Russian capital. The Iranian Foreign Minister's words came in response to the increase in belligerent rhetoric from West Jerusalem and Washington following the unjustified joint military operation between the US and Israel that began on February 28. As Israeli Prime Minister Benjamin Netanyahu tries to form a viable parliamentary coalition after the very close election results, he said on Wednesday that he saw a "unique opportunity" to work with US President Donald Trump to deal with what he called an "existential threat" from Iran.