
Oil prices will not spike to $100 per barrel. At least, not at this time.
Over the last few days, global oil prices have softened. This was after Iran downplayed the Israeli counterattack on its military facilities. Israel, for its part, declared that this particular operation was completed.
Last Friday, Israel launched missile attacks across three Iranian provinces, including Tehran. About 140 Israel Defense Forces (IDF) planes participated in this attack. At least half of pilots who joined this effort were reservists. A significant number were women.
Iran did not specify the damage it incurred. This is its usual practice.
Israel was more forthcoming in its damage assessment. Its pilots attacked Iranian air defense systems and missile production facilities. As a result, the Iranian military is now virtually blind and vulnerable to further attacks from the air. The attack destroyed Iranian missile production sites.
The Islamic country will be unable to produce missiles for at least two years. Tel Aviv claims all of Iran's long-range missiles have been destroyed, leaving the country with only short- and medium-range missiles.
Iran is estimated to still have about 2,000 operational missiles - none of them capable of the range needed to attack Israel.
This might sound perverse: the scale and targeting of the Israeli attack was the best possible outcome.
It satisfies the need to retaliate against Iran's Oct. 1 bombardment of the Jewish state. But it was not of such scale as to justify the entry of other powers into this regional conflict.
Denne historien er fra October 29, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 29, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Germany's Glenwood Opens Facility in PH
The local subsidiary of German firm Glenwood GmbH has opened a facility in Taguig City to help pharmaceutical companies ensure drug safety, manage risks and comply with global standards.

SMC Removes 93K Tons of Waste From Parañaque Rivers
San Miguel Corp. (SMC)'s \"Better Rivers PH\" initiative has removed 93,000 tons of silt and waste from Parañaque rivers as of Jan. 23, 2025.
Go cites impact of Duterte's policies, anti-drug campaign
Sen. Bong Go has highlighted the impact of the administration of former president Rodrigo Duterte on the lives of Filipinos.

Arci Muñoz: A Multi-hyphenate's Journey
Championing women's versatility, she is an actress, model, cosplayer, and musician rolled into one

Rody camp takes defiant stance vs ICC
Former president Rodrigo Duterte may have appeared subdued during his first appearance before the International Criminal Court (ICC), but his legal team has taken a combative stance against what it described as a \"troubled\" and \"desperate\" legal institution.

Preparing ourselves for the global economy
BABE'S EYE VIEW FROM WASHINGTON, D.C.
PSA to Conduct Survey on Sugar Consumption
The Philippine Statistics Authority (PSA) will conduct a survey that seeks to have a better picture of the country's sugar demand landscape and help officials craft data-driven policies, including importation.

It poured like rain
TNT stormed out of the starting gates like a horse on a blazing saddle in Game 1 against Barangay Ginebra in the PBA Commissioner's Cup Finals at the SM Mall of Asia Arena last Friday.
Blindly Following Orders
EDITORIAL
Kanlaon-hit LGU seeks add'l funding for evacuees
The municipal government of La Castellana in Negros Occidental has asked Malacañang for additional funding to assist its residents displaced by the eruption of Kanlaon Volcano.