Iran warns an Israeli-led attack would be ‘devastating’ for global markets

Iranian Foreign Minister Abbas Araghchi warned on Wednesday that an Israeli-instigated attack in the Persian Gulf region would have a “devastating impact” on global markets. He said the consequences were a major concern for both gas suppliers and consumers. The United States and Israel have recently raised the prospect of renewed attacks on Iran, amid a Middle East war that began in February with strikes on the Islamic Republic. Israeli Prime Minister Benjamin Netanyahu said on Wednesday he could work with US President Donald Trump to eliminate the “existential threat” posed by Iran.