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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 19, 2025

    Featured image for article about Headlines

    By Jana Choukeir, Pesha Magid and Steven Scheer

    DUBAI/JERUSALEM (Reuters) -An Israeli military official said on Thursday that "it was a mistake" for a military spokesperson to have said earlier in the day that Israel had struck the Bushehr nuclear site in Iran.

    The official would only confirm that Israel had hit the Natanz, Isfahan and Arak nuclear sites in Iran.

    Pressed further on Bushehr, the official said he could neither confirm or deny that Israel had struck the location, where Iran has a reactor.

    The potential consequences of an attack on the plant -- contaminating the air and water -- have long been a concern in the Gulf states.

    Qatar's prime minister, in March, warned that an attack on Iran's nuclear facilities would "entirely contaminate" the waters of the Gulf and threaten life in Qatar, the UAE and Kuwait.

    Sheikh Mohammed bin Abdulrahman Al Thani warned that an attack on Iran's nuclear sites would leave the Gulf with "no water, no fish, nothing ... no life".

    Qatar, the UAE and Kuwait, facing Iran on the opposite side of the Gulf, have minimal natural water reserves and are home to more than 18 million people whose only supply of potable water is desalinated water drawn from the Gulf.

    Bushehr is Iran's only operating nuclear power plant, which sits on the Gulf coast, and uses Russian fuel that Russia then takes back when it is spent to reduce proliferation risk.

    Russian President Vladimir Putin on Wednesday said that Moscow had agreed with Israeli leaders that the safety of Russian workers at the site would be guaranteed.

    "Our specialists are on site. This is more than two hundred people. And we agreed with the leadership of Israel that their safety will be ensured," Putin told journalists.

    The Russian embassy in Iran said in a statement earlier on Thursday that Bushehr was operating normally and that it did not see any security threats.

    A source familiar with the matter told Reuters that contamination from any attack on Bushehr was the worst case Gulf countries were preparing for. The source stated that Gulf countries, in cooperation with the U.N. nuclear watchdog, had prepared a contingency plan for any attack on any nuclear plant in the region.

    (Reporting by Jana Choukeir and Ahmed Elimam in Dubai; Pesha Magid in Riyadh and Steven Scheer in Jerusalem; Writing by Andrew Mills; Editing by Alison Williams, Aidan Lewis)

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