Cointime

Download App
iOS & Android

US-Iran Conflict Escalates: Iran Accuses US Military of Attacking Water Storage Facilities, Causing Water Supply Disruption for 20,000 Residents

On June 10, according to the Financial Times, Iran stated that during the latest round of military exchanges between the US and Iran, a US airstrike destroyed two water storage facilities in Hormozgan Province in southern Iran, leading to a disruption of water supply for approximately 20,000 residents in the area. This escalation occurred after Iran shot down a US military helicopter in the Strait of Hormuz. In response, the US military conducted airstrikes on targets in southern Iran overnight. The US Central Command stated that US aircraft used 'precision-guided munitions' to strike Iranian air defense systems, ground command and control stations, and surveillance radar facilities near the Strait of Hormuz, describing the operation as a 'proportional response' to recent Iranian attacks on US military and commercial vessels. However, officials in Hormozgan Province reported that the airstrikes carried out by the US military early Wednesday morning destroyed two water tanks with a total storage capacity of 2,500 cubic meters. These water storage facilities provided drinking water to the city of Kuhestak and ten surrounding villages in the Beman region. Local officials stated that after the destruction of the facilities, approximately 20,000 residents were affected by the disruption of their water supply.

Comments

All Comments

Recommended for you

  • S&P Dow Jones Indices Determines SpaceX Eligible for Rapid Inclusion in Certain Indices

    On June 10, S&P Dow Jones Indices announced that SpaceX is eligible for rapid inclusion in certain indices.
  • Nasdaq 100 Index Turns Positive

    On June 10, U.S. inflation data met expectations, leading to a rebound in major U.S. stock indices. The Nasdaq, S&P 500, and Dow Jones all saw their declines narrow to 0.3%, with the Nasdaq 100 Index turning positive after previously dropping over 1%.
  • U.S. Stocks of Cryptocurrency Concepts Surge

    On June 10, U.S. stocks related to cryptocurrency concepts rose in early trading, with Robinhood surging over 9%, Circle increasing by more than 3%, and Strategy and Coinbase both climbing nearly 3%.
  • Analyst: Federal Reserve Faces Significant Challenges in Final Phase of Inflation Response

    On June 10, Brent Schutte, Chief Investment Officer of Northwest Mutual Wealth Management, stated that today's inflation data hardly changes the fact that the Federal Reserve is facing significant difficulties in the final phase of its response to inflation. In fact, inflation rates have consistently remained above the 2% target for the past few years, with little to no improvement. Nevertheless, the weak labor market provides the Federal Reserve with an excuse to lower interest rates. As the labor market gradually recovers, investors have reason to consider whether the Federal Reserve needs to refocus on effectively achieving its inflation targets.
  • BTC Surpasses $62,000

    Market data shows that BTC has surpassed $62,000, currently priced at $62,027.9, with a 24-hour decline of 0.39%. The market is highly volatile, so please ensure proper risk management.
  • U.S. Stocks Open: Dow Jones Down 0.22%, S&P 500 Down 0.4%

    U.S. stocks opened with the Dow Jones down 0.22%, the S&P 500 down 0.4%, and the Nasdaq down 0.6%. Super Micro Computer (SMCI.O) fell 13% after the company announced plans to raise $7 billion through equity financing. Mining stocks followed the decline in international gold prices, with Harmony Gold down 4% and Gold Fields (GFI.N) down 5%. The Philadelphia Semiconductor Index dropped 1%.
  • U.S. Core Inflation Unexpectedly Cools in May, Traders Still Bet on Fed Rate Hike by Year-End

    On June 10, the U.S. core CPI rose 0.2% month-on-month in May, lower than the market expectation of 0.3%. U.S. Treasury bonds strengthened slightly, while bond traders maintained their bets that the Federal Reserve will raise interest rates by the end of the year. The data is seen as easing some pressure on the Fed ahead of Kevin Warsh's first meeting as Fed Chair next week. Following the CPI release, most U.S. Treasury yields fell by less than 1 basis point. The two-year Treasury yield, which is more sensitive to short-term monetary policy changes, was reported at 4.11%, down from around 4.13% earlier in the session. Dan Carter, senior portfolio manager at Fortress Investment Group, stated, 'This gives the Fed a little bit of breathing room.'
  • US Senator Seeks Delay of SpaceX IPO by SEC

    According to market news, US Senator Elizabeth Warren is calling on the Securities and Exchange Commission (SEC) to postpone SpaceX's IPO.
  • BlackRock Deposits 1,564 BTC to Coinbase, Valued at $96.49 Million

    On June 10, according to OnchainLens monitoring, BlackRock deposited 1,564 BTC to Coinbase, valued at $96.49 million.
  • Core Inflation in the U.S. Eases, Alleviating Recent Concerns for the Federal Reserve

    On June 10, U.S. CPI data for May showed that inflation soared to a three-year high, but the moderate rise in core prices eased Wall Street's concerns about interest rate hikes. Today's CPI data and tomorrow's PPI index are expected to influence the Federal Reserve's policy stance, which will be announced at the Fed meeting chaired by Waller for the first time in a week. According to the CME FedWatch Tool, before the CPI inflation data was released, the market had anticipated a 70% probability of the Federal Reserve raising interest rates by the end of 2026. However, the market believes that it is almost impossible for the Fed to raise rates at next week's meeting, with only a 13% probability for a rate hike in July. In the short term, the focus is on whether the Federal Reserve will clearly shift from a dovish stance to a neutral or hawkish stance at the upcoming meeting. This week's CPI and PPI inflation data, along with the progress of U.S.-Iran negotiations, may influence the balance between neutrality and tightening.