Intense Israeli airstrikes on Iran, explosions in Tehran-Karaj; significant surge in oil prices.

Karaj/Tehran, March 11, 2026: The ongoing conflict between Israel and Iran has escalated. On Wednesday night, Israel launched intense airstrikes on several fuel depots and military installations in Iran. These attacks resulted in loud explosions heard in Karaj and the capital Tehran, causing power outages in several areas. According to local reports, massive fireballs and plumes of smoke were visible in the sky following the strikes. Many areas experienced blackout conditions, leading to panic among residents, with many seen fleeing their homes towards safer locations. It is reported that these attacks were carried out under Israel's military operation "Operation Roaring Lion," aimed at weakening Iran's nuclear and missile programs. Previously, Iran had launched a barrage of missiles at Israel, further intensifying the conflict. Meanwhile, regional tensions heightened when the United States Armed Forces targeted Iranian vessels in the Gulf region. Following this action, Iran issued a stern warning of retaliation, stating that a response to the attacks would be forthcoming. There is currently no official information regarding the number of casualties from the strikes, but rescue teams are engaged in relief and rescue operations in the affected areas. Concerns about this escalating conflict have grown worldwide, with many countries urging both sides to de-escalate tensions. Meanwhile, the impact of the war has caused turbulence in the global energy market, with crude oil prices surging by nearly 15 percent.