A massive explosion occurred at the Shahran Oil Depot, a major fuel storage facility in northwest Tehran, igniting large fires and sending thick smoke over the Iranian capital. The incident adds to a series of suspicious fires and explosions in Iran following the recent 12-day conflict between Israel and Iran. Iranian authorities have warned that the war with Israel could resume at any time, with Iranian generals stating that the current situation is not a ceasefire but a stage of war. The 12-day war has had a considerable economic impact on Israel, setting its economy back by a year. Data from Israel's Central Bureau of Statistics for the second quarter showed a 3.5% decrease in GDP, a 7% drop in trade output, over 5% decline in individual consumption, and reduced construction investments. Additionally, an Iranian missile strike on Israel's Bazan refinery in June killed three people and caused damage estimated between $150 million and $200 million, completely shutting down the refinery's operations.