Iran warns renewed Gulf attack could hit global markets

Iranian Foreign Minister Abbas Araghchi warned Wednesday that a renewed Israeli-instigated military action in the Gulf could severely affect international markets, particularly gas suppliers and consumers. His warning was a prediction about the potential economic impact, not a measure of effects from any new operation. Araghchi made the comments in a post on X, referring to discussions at a Gas Exporting Countries Forum summit in Moscow. The warning came as votes were being counted in Israel’s October 27 election, with no clear winner between Prime Minister Benjamin Netanyahu’s bloc and an opposition camp led by Gadi Eisenkot. The election followed threats of renewed attacks on Iran by the United States and Israel. Netanyahu, who is seeking to form a coalition government, has said Israel has an opportunity to eliminate what he calls the threat posed by Iran. Eisenkot, a former military chief, warned that security decisions should serve Israel’s national interests rather than Netanyahu’s political needs. A report citing people briefed on U.S. conversations said Washington had told several Gulf Arab countries to prepare for a possible short, intense campaign against Iran after...