The Israeli Air Force successfully killed Mohammad Reza Ashrafi Kahi, a senior commander in the Islamic Revolutionary Guard Corps' Oil Headquarters, on Friday, the military announced on Sunday. The IRGC's Oil Headquarters generates billions of dollars annually in profits for the Iranian regime's brutal police force through oil sales. Kahi served as the Head of Commerce, the IDF said, and advanced the development of both the IRGC and the regime's proxies across the Middle East, such as the Houthis, Hezbollah, and Hamas. The IDF also stated that Kahi's activities funded Iran's ballistic missiles and drones, which it has used to attack Israel and Gulf countries since the start of Operation Roaring Lion. Israel struck over 120 sites in center and western Iran over the last day, the military also announced on Sunday. Among the targets struck were infrastructure for Iran's ballistic missiles, drone storage and deployment facilities, and air defense sites. The destroyed targets, the IDF said, had posed a threat to Israeli planes, and their destruction preserves the Air Force's airspace sovereignty over Iran. IDF kills Iranian Oil Headquarters commander Last week, the IDF said it struck and killed Jamshid Eshaqi, the commander of Iran's Oil Headquarters. “Eshaqi led the financial arm of the regime’s forces as well as the military industries responsible for the production of ballistic missiles and the regime’s mechanisms of repression,” the IDF stated. “In addition, Eshaqi worked to allocate funds for financing Iran’s terror proxies across the Middle East, most notably the Hezbollah terror organization and the Houthis.”
The Israeli Air Force successfully killed Mohammad Reza Ashrafi Kahi, a senior commander in the Islamic Revolutionary Guard Corps' Oil Headquarters, on Friday, the military announced on Sunday. The IRGC's Oil Headquarters generates billions of dollars annually in profits for the …
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A tanker identified as the Kaifan was struck by an unknown projectile northeast of Oman’s Limah in the Strait of Hormuz, according to a July 21 report from UK Maritime Trade Operations. No ships were observed transiting the strait that day. Attribution of the strike and links to prior incidents have not been confirmed by the vessel’s owner.
Goldman Sachs has projected Brent crude averaging $80 per barrel in the fourth quarter and $75 in the following year, conditional on reduced Middle East tensions, while noting upside risks from potential shipping disruptions in the Strait of Hormuz or Red Sea.
Brent prices rose above $91 per barrel amid recent U.S.-Iran exchanges and Houthi threats to Saudi shipments before edging lower on Tuesday. A senior Iranian official told Reuters that mediators had proposed a 10-day ceasefire to preserve an interim agreement.
US forces struck the tanker Settebello in the Gulf of Oman on June 10, killing three Indian crew members when munitions hit the engine room and adjacent areas. Maritime tracking data indicate the vessel had transported Iranian oil under US sanctions for several years and conducted offshore transfers prior to the strike.
The US military described the action as a precision operation, while reports note the ship was stationary at the time.
Iranian officials reported strikes on US radar and air defense sites in Kuwait and Bahrain, along with the interception of two oil tankers in the Strait of Hormuz. The United States conducted strikes on Iranian targets following the deaths of three US soldiers, with the Pentagon stating the actions aimed to degrade capabilities affecting shipping.
Houthi forces in Yemen announced plans to blockade Saudi ports, while both US and Iranian leaders issued statements on further escalation.