#IsraelIranConflict

#IsraelIranConflict
The ongoing Israel-Iran conflict has escalated significantly, with Israel launching airstrikes against Iranian nuclear facilities and military targets, leading to Iranian retaliatory missile attacks. This direct exchange marks a dangerous turning point, raising fears of a broader regional war.
Economically, the conflict has sent global oil prices soaring, with Brent crude reaching its highest levels in months due to supply disruption concerns, particularly around the Strait of Hormuz. This will likely fuel inflation worldwide and negatively impact economies, especially oil-importing nations like India, which faces increased import costs and a weakening currency. Global stock markets have also reacted negatively, reflecting widespread uncertainty.