Iran-Israel War Escalates, Impacting Global Markets

0:00On March 20, tensions in the Israel-Aran War escalated this week when a top revolutionary guard spokesman declared that Iran continues building. Missiles despite Israeli claims to the contrary, he also insisted the conflict would drag on until the enemy is worn down. Just hours later, state media announced the general having killed in an Israeli air strike. The fighting spilled over into neighboring arrow countries on Friday, with air defenses in Dubai intercepting missiles during Eid al-Fitter celebrations. Bahrain reported a warehouse fire from falling shrapnel while Kuwait and Saudi Arabia down incoming drones aimed at key areas. Civilians across the Gulf region have taken shelter amid Iran's ongoing attacks on oil and gas sites, disrupting daily life and rattling global markets. Millions remain on edge as these strikes send ripples through energy supplies. Israel carried out air strikes on Tehran, that same morning. Even as it had pledged the day before, to avoid hitting a major Iranian gas field.

1:00Meanwhile, the death toll from Israeli operations in Lebanon surpassed a thousand amid clashes with Hezbollah. Oil prices for Brent Crude have surged since Israel and the United States launched the war, highlighting the broader economic fallout as the conflict. Those no signs of letting up anytime soon.