Iran-Israel War Escalates, Oil Prices Soar

0:00On April 3rd, Iran's lobbying missiles across the Middle East, hitting a desalination plan and igniting a refinery in Kuwait as this war drags into. It's 5th week. American and Israeli strikes keep pounding back at the Islamic Republic, even while they claim Iran's forces are mostly wiped out. Te Iran's hanging tight on the strait of Hormuz, choking off a fifth of the world's oil flow, which has oil prices jumping over 50 percent to around, $109 a barrel. Gulf states are scrambling with attacks on energy sites from Bahrain to the UAE, and stock markets are taking a beating. Casualties are mounting fast. Over 1,900 dead in Iran, 19 in Israel, two dozen in Gulf states, and the West Bank plus, 13 US troops, and Lebanon, more than 1,300 killed, and a million displaced from Israel's push against Hezbollah. Diplomatic moves are stirring too. Former foreign ministers Zarif dropped a proposal blending US and Iranian ideas, like

1:01limiting nukes and reopening. The strait for sanctions relief. Iran's countered with demands for US-based removals and compensation, but no breakthroughs yet. World leaders eye a U.S. security council vote tomorrow on Bahrain's plan to secure the strait, though Russia, China, and France are pushing back hard against any force. Japan stays sky-high as everyone weighs the next play.