In the context of the escalating conflict, the impact is felt not only in the oil sector but also in the aviation sector of the region, as reported by the BBC.
Iran is striking key airports of its neighbors, delivering a heavy blow to their economies and vital transit hubs for international trade and travel.
Airports play an important role in the economies of the Gulf countries, ensuring food supplies and attracting foreign workers, which contributes to global trade.
In particular, Hamad International Airport in Doha, one of the busiest hubs in the world, has suspended flights. This could have a serious impact on cargo air transport passing through this airport.
It is unclear how long these disruptions will last and how long countries can endure such losses.
As seen, airline stocks in some Asia-Pacific countries have begun to fall, marking a decline at the market opening this morning.
Shares of Qantas Airways, Singapore Airlines, and Japan Airlines fell by 5% on Monday.
Iran is also attacking seaports and shipping routes, disrupting operations in the Strait of Hormuz — the largest oil pipeline in the world.
Following attacks on three vessels near the Strait of Hormuz, global oil prices have risen significantly, indicating the ongoing escalation of the conflict in response to actions by the U.S. and Israel.
According to the UK Maritime Trade Operations (UKMTO), two vessels were damaged, and an explosive device was detected near a third.
Iran has warned ships that passage through the strait, where about 20% of the world's oil and gas supplies are transported, is unsafe.
On Monday, at the start of trading in Asia, global oil prices increased by more than 10%, after which the growth slowed during the morning.
By 02:00 GMT, the price of Brent crude oil rose by 4% to $76.16 per barrel, while prices in the American market also increased by about 4% to $69.67.
“There is no panic in the market,” noted Sol Kavonik, head of energy research at MST Research, in an interview with the BBC.
“It is clear that the infrastructure for oil transportation and extraction has not become a target for either side,” he added.
The war between the U.S. and Israel with Iran has entered its third day, and all sides are engaged in active hostilities.
In Beirut, the capital of Lebanon, residents were awakened by a series of explosions as Israeli forces began attacks on Hezbollah positions in response to rocket fire from their side.
Hezbollah stated that its actions were retaliation for the killing of Iranian Supreme Leader Ayatollah Ali Khamenei, calling it a “legitimate act of self-defense.”
In its statement, Hezbollah reported launching precision missiles and drones at a missile defense facility in Israel. In response, the Israeli military confirmed its attacks, stating that it would not allow Hezbollah to pose a threat to Israel and its citizens.
Hundreds of thousands of Lebanese are leaving their homes.
The Israeli army has issued orders for the forced relocation of residents, and this morning hundreds of thousands of people began to leave their neighborhoods.
This affects not only southern Lebanon but also Beirut.
In the suburb of Dahia, which is a stronghold of Hezbollah, hundreds of thousands live, and people are gathering their belongings, trying to find a safer place.
During previous conflicts, the city has been attacked, and although a ceasefire was reached in November 2024, Israel continues to carry out strikes, accusing Hezbollah of rearming.
The situation is extremely tense. At this time, Ramadan is also taking place, and people who should be preparing for the last meals before fasting are instead seeking shelter.
More American lawmakers support restrictions on Trump's powers to attack Iran.
Senator Adam Schiff announced his intention to join colleagues in voting on a resolution that would limit Trump's military powers against Iran.
“Declaring war is the prerogative of Congress, not the president,” emphasized Schiff in his message on X.
“I will join Senators Tim Kaine, Rand Paul, and Schumer to hold a vote on our military powers resolution, stating that Congress has not authorized the use of our armed forces in this way.”
If the resolution is passed by both houses of Congress, Trump will need to seek permission for future attacks.
However, the president can veto such a resolution if it does not receive support from two-thirds of votes in both houses, which may be difficult to achieve.
According to the U.S. Constitution, only Congress has the authority to declare war.
The U.S. and several Arab countries made a joint statement.
Seven countries condemned Iran's “indiscriminate and reckless missile and drone attacks” in the Middle East.
They noted that these actions endangered civilians and damaged infrastructure.
Tehran's actions represent a dangerous escalation that threatens the stability of the region, and all countries declared their unity in protecting their citizens.
They also affirmed their right to self-defense.
“I see the light flashing and hear the explosion,” describes a resident of Erbil the attacks on the city. published at 06:08
06:08
Gabriela Pomeroy,
reporter for the Live program
I spoke with a British woman of Kurdish descent who lives in Erbil and works for an NGO, and she requested to remain anonymous to avoid attracting the attention of Iranian authorities.
“This morning I witnessed seven or eight attacks, and I am a little scared,” she says.
Most missiles were intercepted; however, one hit its target on Sunday, causing “10-15 minutes of continuous explosions.”
The U.S. Central Command confirmed that Erbil International Airport is one of Iran's targets.
“I have never seen anything like this — it is very scary,” she shared.
“From my balcony, I have a view of the city and the airport. I see the light flashing, and then there is an explosion.”
“Today I was at the market; people were shopping as usual, but suddenly saw a missile being intercepted above us. It looked like a scene from a movie.”
She noted that in the residential complex where she lives, it is usually full of people, but today the streets are deserted.
“On Saturday, when my children were at the playground, we heard explosions, but on Sunday it was much more intense.”
Trump considers the possibility of lifting sanctions against Iran.
According to him, this is possible if the new leadership shows pragmatism and a willingness to cooperate.
"Hostilities will continue until all our objectives are achieved," Trump stated.
He also emphasized that the U.S. has serious objectives.
Trump added that Iranian officials “want to negotiate” with the U.S., but did not specify who exactly is participating in the negotiations and what they are about, reports NBC News.
The American aircraft carrier USS Abraham Lincoln was forced to leave its area of deployment after Iran fired four ballistic missiles, according to information from the Islamic Revolutionary Guard Corps.
Seven people were injured as a result of Iran's strike near Jerusalem, according to media reports.
One of the injured is in serious condition. Earlier, a siren went off in Jerusalem.
It is reported that a missile hit a road in the Giva Tsarfatit area and damaged a vehicle.
The article "Iran struck its neighbors where it hurts the most: at airports. What is happening in the hottest spot?" first appeared on K-News.
