Latest news with #QudsDay
Time Business News
26-06-2025
- Business
- Time Business News
Impact of the Iran–Israel war on Nigeria
New information reaching us from The Nation Digest News, Nigerian travelers have been hit by skyrocketing airfare, disrupted schedules, and last-minute cancellations as airlines reroute flights and hedge against Middle East risk. Many Nigerians have had to cancel or rethink summer travel plans. The war has prompted a shift toward 'supply-chain sovereignty,' disrupting global logistics, even in Africa. Nigeria has felt the ripple effects as powerbrokers tighten strategic supply routes . Historically, during heightened Iran–Israel tensions, fuel scarcity and rising PMS (petrol) and diesel prices in Nigeria have intensified. This stems from Nigeria's reliance on imported petroleum products even as it exports crude. As oil prices spiked around 20% in June due to the conflict, current News and Events in Nigeria indicate that Nigeria being an oil exporter could benefit from higher FX revenue. But the catch is the import and refining gap, which translates to increased domestic fuel costs, inflationary pressure, and costlier operations for businesses . Nigeria's Foreign Ministry has formally condemned the attacks, described the situation as a threat to global peace, and urged all parties to 'exercise extreme caution'. In March 2025, a Quds Day rally in Abuja by the Islamic Movement of Nigeria (IMN) in solidarity with Palestine ended tragically. Clashes with security forces left six dead. These tensions reflect broader domestic strains related to the Middle East crisis and sectarian divides. We are dearly in need of some Newspiration in Nigeria during these trying times. Area Impact Summary Travel Flight cancellations, higher fares disrupt international trips Fuel & Inflation Supply-chain disruptions → rising fuel prices → broader inflation Economy Oil revenue gains tempered by refining/import dependency Politics Govt calls for restraint; public protests escalate security risk Will Nigeria's inflation rise further as global oil prices remain volatile? Could ongoing travel disruptions affect Nigeria's business ties with Europe and the Middle East? Will domestic sectarian tensions deepen if the international conflict persists? Will Nigeria play any diplomatic role in broader mediation efforts? TIME BUSINESS NEWS
Calgary Herald
23-06-2025
- Politics
- Calgary Herald
IDF targets Iran's 'Destruction of Israel' countdown clock in Tehran: defence minister
Article content Israel said it employed 'unprecedented force' to attack key targets within Iranian Supreme Leader Ayatollah Ali Khamenei's regime on Monday morning. Article content Among them, Minister of Defence Israel Katz said, was the 'Destruction of Israel' clock in Tehran's Palestine Square — a digital billboard that has been counting down the days until the promised 'annihilation' of Israel since 2017. Article content Article content Article content Other targets in the capital included the headquarters for the Islamic Revolutionary Guard Corps' international security and its militia arm, the Basij, as well as Evin Prison, where 'political prisoners and opponents of the regime' end up, Katz posted to X. The co-ed prison has a history of abusing, ignoring and violating the human rights of some inmates, mainly women. Article content Iran has long had a massive clock in the center of Tehran counting down until Israel's destruction. Israel just blew it up. — Avi Mayer אבי מאיר (@AviMayer) June 23, 2025 Article content Article content The clock's timer dates back to September 2015 when Iran, trying to ease Western sanctions, struck a deal with the U.S., China, the U.K., France, Germany and Russia that it would limit and reduce its uranium enrichment. Parts of the agreement included a 25-year timeline. Article content Khamenei, in a speech to followers after, suggested that the timeframe shouldn't alleviate Israel's concerns in the interim. Article content 'Firstly, you will not see next 25 years,' he was quoted in an X post to his account. 'God willing, there will be nothing as Zionist regime by next 25 years. Article content 'Secondly, until then, struggling, heroic and jihadi morale will leave no moment of serenity for Zionists.' Article content About 20 months later, on June 18, 2017, demonstrators unveiled a clock to mark Quds Day — an annual event meant to support Palestinians and oppose Israel, established in 1979 by Ruhollah Khomeini, founder of the Islamic Republic of Iran.
Time of India
23-06-2025
- Politics
- Time of India
With death clock gone, Khamenei's prophecy lies shattered
Israel conducted on Monday a high-profile airstrike on Tehran, targeting not only military and intelligence assets but also one of the most potent ideological symbols of the Islamic Republic -- the digital countdown clock in Palestine Square. Installed in 2017, the clock was based on Supreme Leader Ali Khamenei's ominous 2015 prophecy that Israel 'will not exist in 25 years.' Its destruction carries enormous symbolic weight, not only erasing a defiant message embedded in Tehran's skyline but also underlining Israel's growing assertiveness amid escalating confrontation. The origin and ideology behind the doomsday clock The digital clock, unveiled during Quds Day in June 2017, was more than a timekeeping device. It was propaganda incarnate, counting down the days to Israel's predicted demise in 2040. Displaying its message in Persian, Arabic and English, the clock tower loomed over Palestine Square, a location already soaked in political symbolism. Its placement and message were calculated to consolidate Iran 's self-image as the epicenter of the anti-Israel activities. For Iran's hardliners, the clock functioned as a perpetual reminder of their ideological mission -- the eventual eradication of Israel. It was also designed to project ideological resolve to domestic and foreign audiences alike. To supporters, it was a declaration of strategic patience and religious destiny. To Israel, it was a provocation, an unwavering threat that one day Iran's ambitions would be realized. Read More | Israel is not yet willing to touch Iran's most sensitive nerve In July 2021, widespread blackouts across Iran briefly halted the countdown. Though the disruption was due to electricity shortages caused by drought, heatwaves, and crumbling infrastructure, the symbolic impact was immediate. Iranian critics mocked the state's inability to keep its ideological machinery running, while international observers noted the irony that a regime proclaiming the fall of Israel couldn't keep a propaganda clock running. This moment offered a rare window into Iran's fragility. Even as the regime pushed grand ideological visions, it struggled with basic services, facing economic strain from sanctions and internal mismanagement. The clock's failure, however brief, diminished its aura of invincibility and suggested a gap between Tehran's ambitions and its capabilities. Live Events Read More | Fordow underground enrichment site attacked again, says Iranian media, a day after US strikes An ominous symbol is gone but the threat remains Today's Israeli airstrike marks a critical turning point, not just in military escalation, but in the symbolic war between the two nations. Alongside hits on the notorious Evin Prison and IRGC headquarters, Israel deliberately targeted the countdown clock in Palestine Square. This act was not accidental. It was a surgical erasure of a regime's ideological fixture, timed precisely to deliver maximum symbolic impact. The destruction of the clock represented a reversal of narratives. For years, Iran had used the clock as a visual countdown toward Israel's destruction. By physically erasing it, Israel flipped the script, demonstrating that it no longer accepted Iran's psychological warfare and that it possessed both the will and the precision to eliminate even the most guarded symbols of ideological aggression. The clock's destruction coincides with a series of crippling blows to Iran's nuclear ambitions and strategic infrastructure. American B-2 bombers have destroyed Iran's key nuclear site, Fordow, using bunker-buster bombs, which amounts to the de-nuclearisation of Iran. The development marks a significant rollback of Iranian power. For the first time in years, Israel appears to be dictating the tempo of conflict, not reacting to Iran's moves, but preemptively shaping the battlefield. The destruction of ideological symbols like the countdown clock underlines this momentum. However, it would be premature to declare Israel free of existential threat. Iran still retains a vast missile arsenal and asymmetric tools such as drones, cyber capabilities and maritime threats in the Strait of Hormuz. Even a weakened Iran can inflict significant damage through its regional proxies or unconventional attacks. Ideologically, while the clock is gone, the doctrine behind it remains embedded in the regime's DNA. Perhaps the most important shift lies in the realm of psychological warfare. The countdown clock's presence gave Iran a persistent advantage in setting the ideological narrative. Its disappearance, bombed into oblivion by an Israeli strike, reverses that advantage. It suggests that Tehran's grand timelines and theological certainties are no longer sacred or untouchable. Symbolically, this act represents Israel's defiance not just of physical threats, but of the very idea that its destruction is inevitable. It delivers a message to the Iranian regime and its allies that history will not unfold on their terms. By destroying the clock, Israel has shattered Khamenei's prophecy, not only for the people of Tehran, but for a global audience witnessing the symbolic end of the 2040 vision. Bombing of the countdown clock is the culmination of a sustained campaign by Israel and the US to neutralize both the physical and ideological engines of Iran's aggression. While military threats remain and Iran's ambitions are far from extinguished, the destruction of the clock marks a powerful shift in psychological momentum.
Forbes
13-06-2025
- Business
- Forbes
Israel-Iran War: What To Expect With Oil And Stock Prices
Iranians burn an Israeli flag during the annual Quds (Jerusalem) Day commemorations and the funeral ... More of seven Revolutionary Guard Corps members killed in a strike on the country's consular annex in Damascus, which Tehran blamed on Israel, on April 5, 2024 in Tehran. The Guards, including two generals, were killed in the air strike on April 1, which levelled the Iranian embassy's consular annex in Damascus. The funeral ceremony coincides with the annual Quds (Jerusalem) Day commemorations, when Iran and its allies stage marches in support of the Palestinians. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images) The Israel-Iran war has taken center stage today. As you may know, Israeli defense forces launched multiple bombs into Iran successfully striking about one hundred targets, including Iran's nuclear facilities. Israel also killed six scientists. Among them were two of Iran's top nuclear scientists. Israel also eliminated at least four military leaders including Maj. Gen. Hossein Salamani, the man in charge of Iran's Islamic Revolutionary Guard Corps. In retaliation, Iran launched a hundred drones against Israel. According to multiple sources, Israel successfully shot down all drones. While Israels attack dealt a serious blow to Iran's already weak military force, investors around the world are watching oil prices rise and stocks fall. How long could these conditions persist? Should investors sell stocks on the news or ride it out? During the first few months of the Trump presidency, the price of oil and gasoline fell. This is a key reason inflation has dropped to 2.4% over the past 12 months, less than 0.50% from the Feds target rate of 2.0%. After peaking January 14 at $80.73, oil fell to a low of $58.50 on May 2. In the aftermath of yesterday's attack, the price of oil has risen to $72.32 on fear of less supply. Will the United States and other countries be able to increase supply to help stabilize the price of oil? The purpose of drilling for oil differs from the United States to the Middle East. In the U.S., drilling for oil is conducted by companies looking to profit while in the Middle East, oil production is conducted by the government and is a major source of revenue. In America, oil companies tend to produce at maximum capability while in the Middle East, there tends to be more room to expand production. Will supply keep up with demand? That depends. Iran has said it will interfere with oil shipments traveling through the Strait of Hormuz. The Strait of Hormuz is a narrowed passage linking the Persian Gulf with the Gulf of Oman and the Arabian Sea. Will Iran succeed? Most experts think not. If correct, the price of oil may not stay elevated for long. We'll see. Stocks fell on the news of the Israeli attack, which is no surprise. Stock markets tend to overreact to news events, and this morning was no exception. After falling about 1.60% initially, the DJIA rebounded and was down 0.87%. Currently, it is down about 1.46%. The situation in the Middle East is very fluid and things can change rather rapidly. But if today's action is any sign, the problem may not pose as severe of a threat to financial markets as initially thought. We'll know more as stock trading approaches the end of the trading day. Why? If stocks rebound and future attacks are minimal, this could be short lived. However, if Iran is successful in a counterattack, Israel would likely strike back with even greater force, and other countries may decide to get involved. Even now, Iran has launched multiple missiles against Israel, including the city of Tel Aviv. While the tiny country of Israel has a stronger military than Iran, how much damage will Iran cause? That is the wild card here. If this conflict lingers, would other countries get involved? It's possible but may not be likely. Why? Currently, Israel has a decided military edge over Iran so it's logical to assume that the first country to get into the fray would be to help Iran. The list of those countries includes Russia, China, and perhaps a country or two in the Middle East. Russia is struggling economically with its war against Ukraine and probably would not get involved as it would further stretch its limited resources. China is reportedly on the verge of an important trade agreement with the U.S. and may not want to jeopardize it. If a country in the Middle East gets into this conflict, it could cause the price of oil to rise, but stocks may be less affected. In support of Israel, I doubt the U.S. would get deeply involved but do expect we will be prepared to act if necessary. How will the Israel-Iran war turn out? While no one can say with certainty, Iran may not be up to the task of succeeding in a war against Israel. If this is correct, Iran would be unable to cause a major disruption in global financial markets. Therefore, oil could go higher, but I expect stocks will moderate and look beyond this conflict, focusing instead on the U.S. economy, tariffs and trade, and inflation. We'll see.
Memri
10-06-2025
- Politics
- Memri
Dearborn Imam Usama Abdulghani at Khomeini Memorial: Western Civilization Is Morally Bankrupt; Israel and the Western System Are Coming Down
On June 6, 2025, Michigan imam Usama Abdulghani spoke at a commemoration marking the anniversary of the death of the Leader of the Islamic Revolution in Iran, Ruhollah Khomeini, held at the Hadi Youth Community Center in Dearborn, which was streamed live on Light of Guidance on YouTube. He quoted Iranian Supreme Leader Ali Khamenei, saying: 'Free Palestine, free the world,' and explained that this means Palestine is the key to faraj (salvation). Abdulghani went on to say that Western civilization must be 'exposed,' and that people must recognize the system as no longer a solution, describing its institutions as morally bankrupt. 'Israel and the [Western] system are coming down,' he declared. Throughout the talk, a framed photo of Khomeini was placed beside Abdulghani. The Hadi Youth Community Center has previously hosted similar commemorations for Qasem Soleimani and Iranian President Ebrahim Raisi. It is worth noting that Abdulghani was also a speaker at the April 5, 2024 Quds Day rally in Dearborn, where a protester led the chant: 'Death to America!' On May 22, the Council on American-Islamic Relations (CAIR) Michigan chapter held a joint Know Your Rights seminar with Light of Guidance at the location of the Hadi Youth Community Center, featuring a talk by staff attorney Amy Doukoure.
