The Aryavarth Express
New Delhi: Amid rising tensions following joint military strikes by the United States and Israel on Iran, geopolitical expert Narendra Taneja has cautioned that the impact on global crude oil and natural gas prices will depend on how the situation evolves in the coming days
Taneja said the US-Israel action appears aimed at applying strategic pressure on Tehran. However, he noted that Iran’s response has so far been limited, indicating that the tensions may not escalate into a prolonged crisis. While markets may witness short-term volatility as trading resumes, there has been no significant disruption to global oil supplies so far, he added.
He further observed that in the event of a regime change in Iran, and if a new leadership opens the economy to foreign investment, the country’s oil production could rise substantially, potentially reshaping global energy dynamics.
Meanwhile, a Palau-flagged oil tanker, Skylight, was attacked near Musandam Governorate, according to Gulf News citing Oman’s Maritime Security Centre. The vessel was struck about five nautical miles north of Khasab Port, triggering an immediate emergency response.
All 20 crew members — including 15 Indian and five Iranian nationals — were evacuated safely. Four crew members sustained injuries and received medical treatment.
Earlier, the United Arab Emirates Ministry of Defence said its air force and air defence systems intercepted multiple aerial threats following a large-scale Iranian attack that began on February 28. The ministry reported intercepting 165 ballistic missiles, two cruise missiles, and 541 drones since the start of the offensive.
The escalation follows joint missile strikes, reportedly named Operation Roaring Lion and Operation Epic Fury, carried out by the US and Israel on Iranian targets. Explosions were reported in Tehran and other cities. US President Donald Trump and Iranian state media stated that Iran’s Supreme Leader Ali Khamenei was killed in the strikes along with several family members.
The unfolding developments have heightened uncertainty in global energy markets, with analysts closely monitoring the evolving situation in West Asia.
