Iran's missile fuel procurement signals renewed military ambitions and complicates fragile nuclear diplomacy with the U.S.

Iran is currently importing tons of missile fuel from China as it seeks to strengthen its defense capabilities amid rising regional and international tensions. According to The Wall Street Journal, Tehran has secured a shipment of ammonium perchlorate,

The Haifa port is a significant logistics hub, managing over 30 percent of Israel’s imports. However, it accounts for less than 2 percent of the cargo volume handled by Adani Ports and SEZ, contributing about 5 per cent of its revenue.

Rising tensions between Iran and Israel have triggered volatility across global stock markets, with investors reacting nervously to the heightened geopolitical uncertainty.

Haifa port serves as a crucial maritime hub, handling over 30 per cent of Israel's imports. It is owned by Adani Ports, which controls a 70 per cent share. The missiles may have caused damage to a major oil refinery close to the port but there was no official comment on the impact on it.

The ongoing Israel Iran war has unleashed not only a massive aerial assault with missiles and drones causing heavy destruction in both the countries but could potentially impact global economy including India with whom the two have trade relations.

Beijing claimed they were ignorant of the development, stating China strictly monitored the export of items with military applications

Iran is rapidly expanding its ballistic missile program with new imports from China, even as nuclear talks with the United States remain fragile and fraught. People familiar with the matter ...