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Dollar surges past 960,000 rials as Iran-Israel conflict deepens

Jun 15, 2025, 09:42 GMT+1

Amid escalating military conflict between Iran and Israel, the exchange rate for the US dollar in Iran surpassed 960,000 rials on Sunday morning.

In response to the turmoil, Iran’s Supreme Stock Council announced a three-day closure of the national stock exchange.

The Central Bank also suspended Tether (USDT) trading for a second consecutive day.

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Iranian missile strike damages Haifa oil refinery, company says

Jun 15, 2025, 09:38 GMT+1

Pipelines and transmission lines at the Bazan oil refinery complex in Haifa sustained localized damage during Iran’s overnight missile barrage, the operator reported to the Tel Aviv Stock Exchange.

Refining operations continue, though some facilities have been shut down. No casualties were reported.

The company is assessing operational impact and has not addressed potential environmental effects on local residents, wrote the Times of Israel.

The Haifa area was hit with around 40 missiles overnight, one of which struck a home in nearby Tamra, killing four civilians.

Aftermath of Iran’s strikes in Tamra, northern Israel

Jun 15, 2025, 09:04 GMT+1
A view of a damaged residential building after impact from missiles fired from Iran, in Tamra, northern Israel, June 15, 2025.
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A view of a damaged residential building after impact from missiles fired from Iran, in Tamra, northern Israel, June 15, 2025.
Men walk near a damaged vehicle at an impact site following missile attack from Iran, in northern Israel, in Tamra, Israel, June 15, 2025.
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Men walk near a damaged vehicle at an impact site following missile attack from Iran, in northern Israel, in Tamra, Israel, June 15, 2025.
Women look at a damaged building and debris after missiles fired from Iran impacted a residential building, in Tamra, northern Israel June 15, 2025.
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Women look at a damaged building and debris after missiles fired from Iran impacted a residential building, in Tamra, northern Israel June 15, 2025.

No ready shelters exist during Israeli attacks, Tehran council chief says

Jun 15, 2025, 08:56 GMT+1

there are no fully prepared shelters in the capital or other cities amid ongoing Israeli strikes, Mehdi Chamran, head of Tehran’s city council said Sunday.

“Given the experience of the war era, we must rely on the same old shelters,” he said in response to questions about civil defense readiness.

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‘Doors of hell’ opened on Israel, Iranian lawmaker says

Jun 15, 2025, 08:52 GMT+1

The gates of hell have opened on Israel, Rouhollah Motefaker Azad, a member of Iran’s parliament education committee said Sunday.

“We are a nation well-versed in war,” he said, adding “weddings are being held in Iran, but Netanyahu is missing.”

He warned Israel will be punished, saying that “Trump is now tweeting like Israel’s defense minister.”

Motefaker Azad said the Islamic Republic is confronting Israel “on behalf of all nations” and suggested Iran has yet to reveal its full response plan.

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Iran fired 80 ballistic missiles at Israel overnight, IDF says

Jun 15, 2025, 08:46 GMT+1

Iran launched around 80 ballistic missiles in two waves overnight, the Israeli military said.

In the first barrage, about 40 missiles targeted northern Israel—one struck a home in Tamra, killing four civilians.

In the second wave, approximately 35 missiles hit central Israel, the IDF added.

One landed in Bat Yam, killing at least six civilians and injuring nearly 200. Another missile hit Rehovot, wounding 40 more people.