US-Israel-Iran War LIVE Updates: Even as Trump's 48 hour deadline is closing in series of multiple blasts were heard in Tehran, and Khorramabad plunged into absolute darkness. Meanwhile, International Energy Agency chief Fatih Birol warned on Monday that the global economy is under "major threat" from the energy crisis caused by the Middle East war, and that "no country will be immune" to its effects.
Can Iran’s power grid be knocked out?
Iran's power grid would be extremely difficult to knock out. With ~130 thermal plants generating over 95% of its electricity across a combined 78,000 MW capacity, no single strike would be decisive- destroying even the massive Damavand facility would eliminate only 3.7% of total capacity.
Iran's military warns ‘Strait of Hormuz’ will be completely closed if U attacks power plants: Check the top five updates
Asian markets fell on Monday (23 March) and the dollar strengthened as Washington and Tehran exchanged increasingly aggressive warnings while Israel signaled weeks of continued military operations, driving crude prices through sharp swings. Tehran announced Sunday that it would target the energy and water infrastructure of neighboring Gulf states if President Trump carried out his threat to attack Iran's power grid within two days. Iran has warned that the strategic Strait of Hormuz will be “completely closed” if US follows through on threats to target its power plants, escalating tensions in the Gulf. Trump vowed to ‘obliterate’ Iran's energy infrastructure, threatening Iran reopen the critical Strait of Hormuz within 48 hours. South Korean shares tumbled on Monday on heightening geopolitical conflict in the Middle East, with the won hitting 17-year lows. The benchmark KOSPI fell 289.24 points, or 5%, to 5,491.96 as of 0131 GMT, extending losses even after a trading curb was activated on the index earlier in the session. The won weakened 0.3% to 1,509.4 per dollar. Japan's Nikkei tumbled as much as 5% Monday, erasing all its 2025 gains, as Middle East escalation fanned inflation fears and growth concerns.
Check Iran Israel War LIVE Updates here on Mint!