Inside Operation Rising Lion: Israel’s Bold Strike on Iran

On June 13th, Israel launched its Operation Rising Lion on Iran. The reason behind the attack was to disrupt Iran's Nuclear program. Israel was never against nuclear weapons development but against the fact that Iran possessing Nuclear weapons is a threat to their existence. Iran has always showed a cold stance towards Israel. 

Israel found out that Iran was enrichening Uranium far beyond civilian energy needs and that meant only one thing which is Iran is developing Nuclear Warheads.

Israel attacks various parts of Iran

What are the after-effects of the attack?

In this attack around 100 sites in Iran were affected which include military centers, nuclear facilities, command centers, etc. 224 people were declared dead and 1277 people reported to be injured. The regions affected by this attack are Tehran, Natanz, Isfahan, Fordow, Tabriz, Kermanshah, Hamadan, Shiraz, Parchin, Bushehr. 

More than 200 Israeli aircrafts were used to carry out this operation which include fighter jets and support planes. 330+ munitions (bombs) were dropped across 100 sites in Iran. Israel achieved air dominance over Western Iran, Tehran which is the capital of Iran in just 48 hours!!

What was Israel's intention through this attack?

Israel wanted to show Iran that they have air superiority over the region and the fact that its military intelligence is very precise. Israel wanted Iran to consider this attack as a reminder that they wont tolerate any threat which will threaten their existence.

How this attack has affected the global market?

There was sudden increase in oil prices since the last 3 days. This is due to fear of Iran's narrow waterway The Strait of Hormuz being affected. Nearly 20% of the world's oil passes through Strait of Hormuz to rest of the world. This fear has resulted in the insurance premium of tankers passing through Hormuz to increase by 3x to 5x. As a result oil shipping companies had to pay hundreds of thousands of dollars extra per trip. The extra cost will be passed on to the buyers and this will result in hike of oil prices for the consumers.

The Strait of Hormuz

Oil prices have jumped from $69 per barrel to $74 per barrel. Now India imports more than 85% of its crude oil and much of it is from the Middle East. After this attack, The Strait of Hormuz has been declared a "war risk zone". It costs $300,000 to $500,000 extra per Oil Shipment. As a result the Indian Oil Companies (buyers) will increase the retail price of petrol/diesel and we will see a hike of ₹2 to ₹4 per liter in fuel price.