As the six-month anniversary of the US-Iran conflict approaches, a Pakistani delegation is traveling to Tehran to restart peace talks, though few signs indicate an end to the low-intensity conflict.

Pentagon numbers reveal that 18 US soldiers have been killed and 756 wounded in the ongoing US-Iran conflict, despite recent ceasefire efforts.

The US-Iran conflict has led to a significant decrease in international carriage for Indian airlines, with Air India Group's traffic down 35% and IndiGo's by 15.4%.

UK inflation increased to 2.9% in July, primarily driven by a 13% hike in the household energy bill price cap, a consequence attributed to the ongoing US-Iran conflict.

The ongoing conflict between the US and Iran, primarily focused on the Strait of Hormuz, continues with both sides claiming victory. President Donald Trump's statement about declaring the Strait of Hormuz as US territory is described as 'phantasmagoric'.

As the US-Iran conflict shows no signs of abating, oil traders and policymakers are questioning whether global oil stocks are sufficient to offset the potential impact of a prolonged war. The critical question is if they can weather another six months of conflict.

Mohammad Reza Naqdi of Iran's IRGC stated that Iran has not yet achieved its 'final objective' and predicted that the US-Iran conflict would end in 2029, warning that Iran would gain more experience if the war is prolonged.

The Kurdistan Regional Government reports that 70 percent of its trade has been cut due to the ongoing regional conflict between the US and Iran.

Experts are analyzing the potential duration of the US-Iran conflict and the deadlock in the Strait of Hormuz, discussing obstacles to a lasting deal.

Indian Oil Corp. bought a record share of its crude oil from the spot market in the April-June quarter after the US-Iran conflict upended supplies from the Middle East.

Pakistan and Bangladesh are experiencing economic pressure as the US-Iran conflict widens, raising concerns that a potential oil shock could lead to increased costs for food, transport, and electricity for millions.

The US-Iran conflict is in an extremely dangerous phase, with neither side willing to back down and the theatre of conflict expanding geographically, despite some hope for de-escalation after a recent lull in violence.

The conflict between the US and Iran is reportedly spreading, with new fronts opening and no clear end in sight, involving multiple nations.

According to Circle K, Europe is experiencing a diesel import shortage, with reserves at a four-year low, attributed to the ongoing US-Iran conflict disrupting supply from the Persian Gulf region.

Home heating oil prices in Northern Ireland have increased by £100 in three weeks, with the Consumer Council attributing the rise directly to the US-Iran conflict.

Tensions are escalating in the Middle East with reports of a burning tanker and Houthi allies of Iran announcing a blockade of the Red Sea's key strait against Saudi Arabia, amidst renewed US-Iran conflict.

As the conflict between the US and Iran escalates, some analysts suggest that China, rather than a Middle Eastern power, stands to be the major geopolitical beneficiary.

Global oil prices have surged significantly as the conflict between the United States and Iran intensifies and expands its reach into the crucial Red Sea shipping lanes.

The World Bank's chief economist, Indermit Gill, warned that a further escalation of the conflict between the United States and Iran could reduce global economic growth in 2026 to a mere 1.3 percent.

Following the outbreak of the US-Israel war with Iran, Gulf states have issued new decrees, restricted appeal options, and implemented laws, including citizenship revocation, for social media posts.

Israeli authorities and the IDF have concluded discussions on operating Ben-Gurion Airport under potential missile fire, with reports suggesting a US-Iran conflict could force the cancellation of 30 flights daily through the summer. These preparations highlight concerns about the airport's operational capacity in a heightened regional security environment.

This reporting examines the definition of 'civilian' sites under international law and details locations hit by both US and Iranian forces. It also provides information on US soldiers killed and Iranian casualties in the conflict.

European gas prices have surged to a four-month high, with benchmarks hitting a four-year high, driven by fears that an escalating US-Iran conflict could lead to winter supply shortages.

Brent crude oil prices briefly surpassed $90 a barrel, leading to significant volatility in energy markets. The surge and subsequent pullback occurred as markets assessed the implications of the US-Iran conflict.

Nigeria is expected to benefit from a rally in the global oil market as Brent crude, the country's main pricing benchmark, climbed above $88 per barrel, promising stronger crude oil earnings.

Dar, Kuwaiti FM urge restraint, respect for sovereignty and implementation of Islamabad MoU amid tensions

United Airlines' quarterly financial summary reveals the company spent 1902 billion on fuel, significantly impacted by the ongoing US-Iran conflict.

Japan's Nikkei index experienced an unusually large drop of over 4 percent, primarily driven by technology companies. The decline is also attributed to the escalating conflict between the US and Iran, with the International Monetary Fund anticipating further impact from the war.

Pakistan expresses concerns about potential involvement in the US-Iran conflict following a Houthi attack on Saudi Arabia, highlighting the regional instability.

An article discusses how Israel's focus on Türkiye has intensified following statements made by former President Trump, particularly in the context of the US-Iran conflict.

Gold prices are predicted to continue being influenced by developments in the US-Iran conflict in the near-term, according to Praveen Singh, Head Currencies and Commodities at Mirae Asset ShareKhan.

Crude oil prices have slumped following a perceived limited escalation of the conflict between the United States and Iran.

Pakistan, acting as a mediator, has called on the US and Iran to honor their Memorandum of Understanding, expressing concern that renewed attacks could lead to a wider regional conflict.

Tensions in the Middle East have escalated significantly as US-Iran strikes resume, with President Trump declaring the ceasefire over. The conflict's impact is also felt in the US Senate, where Mitch McConnell's hospital stay complicates efforts to break a stalemate over war funding, including $87 billion for the Pentagon.

A major road repair initiative in Punjab, India, is experiencing delays and slowdowns, reportedly due to the broader economic and geopolitical impacts stemming from the ongoing US-Iran conflict.

An editorial expresses a wish for peace and rapprochement to end the US-Iran conflict, emphasizing the need for a lasting conclusion to negotiations for global peace.

International markets are undergoing a dramatic restructuring, with oil, the euro, gold, and Bitcoin experiencing a free fall, and stocks breaking through key levels, as oil lost all gains since the US-Iran conflict.

A weak monsoon, exacerbated by El Nino, is identified as a potentially greater concern for India's economy and inflation than the US-Iran conflict, due to its impact on crop sowing, harvest, and prices.

Experts indicate that reporting on casualties across the region in the US-Iran conflict has been hampered by internet, media, and government restrictions, making the true number of victims potentially unknown.

Iranian F-5 fighter pilots have described extraordinary details of a mission to bomb the US Camp Buehring base in Kuwait, an operation highlighted as one of the most incredible events of the US-Iran conflict.

An analyst suggests that markets are overestimating the progress made in the US-Iran conflict, indicating that the oil market situation remains a concern.

India's Chief Economic Adviser, V Anantha Nageswaran, stated that the 'worst may be behind us' regarding the economic effects of the US-Iran conflict, noting strong domestic demand and better revenues for companies.

As US and Iranian forces continue to exchange strikes, investors are increasingly preparing for the possibility that the conflict in the Middle East could become more prolonged.

The ongoing conflict between the United States and Iran is contributing to a looming food crisis by negatively affecting the global economy and supply chains.

An attack on Kuwait Airport has further complicated travel in the Middle East, as airports in Kuwait, Iraq, Bahrain, the UAE, and Iran, some with military functions, have come under fire amidst the ongoing US-Iran conflict.

Islamabad, Pakistan, has ordered markets to close by 8 PM as the country faces an energy crisis exacerbated by the US-Iran conflict, leading to higher fuel prices and inflation.

India has disclosed some details regarding how its vessels navigate the risky Strait of Hormuz, a critical waterway for global shipping, amidst ongoing tensions in the US-Iran conflict.

Gulf News provides an analysis of the US-Iran conflict three months after its onset, examining whether the situation has settled into a frozen conflict or remains a fragile ceasefire.

Markets are pricing in progress towards resolving the US-Iran conflict, leading to a turnaround in the oil market and anticipated cheaper fuel prices.

Sudanese farmers are warning that the ongoing US-Iran conflict is disrupting food production in their already unstable nation by blocking crucial shipping lanes, impacting the agricultural sector.

Details are emerging about a proposed deal that could potentially bring an end to the conflict between the United States and Iran, aiming to de-escalate tensions.

The Prime Minister of Pakistan has commenced a visit to China, as Beijing expresses its support for mediation efforts in the ongoing conflict between the United States and Iran.

Economists warn that escalating inflation poses a major threat to Thailand's economy, particularly if the US-Iran conflict persists, exacerbating fragile domestic consumption and liquidity issues for small businesses.

Investors are increasingly allocating funds to commodity exchange-traded funds (ETFs) as the ongoing US-Iran conflict contributes to rising energy inflation, according to Invesco Ltd.

Field Marshal Asim Munir, Chief of Army Staff and Chief of Defence Forces, concluded a day-long visit to Iran, meeting with Iranian President Masoud Pezeshkian, with the visit reportedly aimed at ending the stalemate in the US-Iran conflict.

China reiterated its support for a diplomatic resolution to the US-Iran conflict, releasing a delayed statement shortly before the US was expected to announce new measures to penalize Tehran's economic partners.

Kuwait has announced that it will cease temporary visa extensions starting September 1. This decision affects visitors and residents who had previously received extensions, some of which were related to the US-Iran conflict.

Six months into the US-Iran conflict, analysts suggest Tehran's military is gradually shifting from retaliation to offensive posturing in an effort to gain leverage and break the current stalemate.

Tanzania is exploring strategies to protect its economy from the potential impacts of a prolonged conflict between the United States and Iran.

An analysis delves into the US-Iran conflict and its potential impacts on Washington's military reach, providing an instructive look into the United States' assets in the region.

Oil prices climbed above $90 per barrel, reaching their highest level since late July, as hopes for a quick de-escalation of the US-Iran conflict waned.

An article explains UN Security Council Resolution 2817, often invoked during discussions of the US-Iran conflict.

International relations expert Ana Cavalieri analyzes the Trump administration's miscalculations before its offensive against Iran, also touching upon the topic of Patriot missiles in Ukraine.

Fitch reported that Stanbic, Absa, and FNB are well-positioned to weather spillovers from the US-Iran conflict, which contributed to South Africa's inflation rising to 5.0% and the central bank raising the repo rate.

Environmentalists and activists are expressing outrage over soaring oil profits, which they attribute to the US-Iran conflict and Trump's policies, leading to increased costs for US families. There are growing calls for a windfall tax on these profits.

An analysis suggests Taiwan requires new deterrence strategies as the US-Iran conflict threatens a global energy crisis and China's campaign against Taiwan intensifies.

UK manufacturing production increased for the fourth consecutive month, reaching its fastest pace in almost two years. The growth is attributed to an easing of Trump's tariff chaos, despite ongoing concerns about the economic impact of the US-Iran conflict.

The price of crude oil has seen a significant jump in the global market, allowing major oil companies to reap massive profits from the ongoing conflict between the US and Iran.

The Indian government announced that its missions facilitated the return of 140,000 citizens amidst the US-Iran conflict.

A commentary highlights that beyond the US-Iran conflict's impact on waterways, another critical oil passage faces potential closure, posing a new crisis for global energy supply.

Chinese scientists analyzed satellite images of US military bases in the Middle East, discovering that both Washington and Tehran manipulated data and made inaccurate claims regarding the extent of conflict damage.

Crude oil prices experienced a significant surge as the conflict between the United States and Iran showed signs of prolonging, impacting global energy markets.

Fitch Solutions has revised down its forecast for Sub-Saharan Africa's construction Gross Value Added (GVA) growth for 2026, citing the impact of the US-Iran conflict. The firm predicts a slowdown in growth for 2027 and 2028.

Tensions between the US and Iran have escalated following reports of new strikes across the region, including explosions near Erbil airport and attacks on both Iranian military sites and US bases.

Tiago André Lopes, a professor at Lusíada University of Porto, suggests that the ongoing US-Iran conflict represents a new generation of frozen conflicts for which diplomatic solutions are currently lacking.

The recent escalation of tensions in West Asia between the US and Iran has caused renewed volatility in global markets, prompting Malaysian businesses to implement preparedness measures.

An analysis explores how a potential US-Iran conflict over the Strait of Hormuz could strategically benefit Russia and China, shifting geopolitical focus away from other regions.

Experts warn that the escalating Middle East crisis, driven by potential US-Iran conflict, is pushing global energy markets to a critical juncture. This situation is expected to further impact the slowing Australian economy, making an RBA interest rate hike twice as likely.

Amidst the US-Iran conflict, Gulf nations such as Kuwait face critical questions about their water security and reliance on desalination plants.

Ongoing conflict between the US and Iran in the Strait of Hormuz has plunged global shipping into crisis, forcing companies to reroute vessels, absorb rising costs, and ensure crew safety in conflict zones. A Cyprus official highlighted the severe disruption.

DS Investment & Securities predicts that the ongoing US-Iran conflict will increase demand for South Korean air defense systems as countries seek to replenish missile stockpiles.

The ongoing conflict between the US and Iran is testing the momentum of the Commercial Real Estate (CRE) sector, contributing to increased instability in the market.

Pakistan is actively re-evaluating its role as a mediator between the United States and Iran, especially as the conflict appears to be expanding to include Saudi Arabia, with whom Islamabad has a defense agreement.

An analysis suggests that a limited attack by the US on Iran, rather than being seen as prudence, might be interpreted by the ayatollahs as a sign of fear.

Renewed armed clashes between the US and Iran have left the oil market calm, but refined product prices have soared, with China's lack of oil imports remaining a significant mystery.

An analysis suggests that America's engagement in a war with Iran has ultimately led to a less favorable deal than previously available.

Oil prices have reached a four-week high as tensions between the US and Iran escalate, with shipping data showing a significant drop in tanker transits through the Strait of Hormuz.

A report indicates that the Dangote Refinery is experiencing a significant increase in demand for refined products due to the ongoing US-Iran conflict, which is boosting the wealth of Aliko Dangote and Nigeria's economy.

An analysis explores the potential severe impacts on Australia should the ceasefire between the US and Iran unravel and fighting intensify. The article discusses the implications for Australia's security and economy.

IDF officials do not anticipate Israel's involvement in the current US-Iran exchanges, though the military remains prepared for any eventuality.

The ongoing conflict between the United States and Iran has significantly driven up pistachio prices, benefiting Californian producers who have prospered from the instability in the Middle East for fifty years.

India's crude oil imports from Russia have surged to over 240 million barrels in four months, becoming the dominant supplier following the US-Iran conflict and a 'Hormuz oil shock'.

Romanian officials, including the Ministry of Foreign Affairs and Mayor Nicușor Dan, have responded to accusations from Iran alleging Romania's complicity in the conflict between the US and Tehran. George Simion also reacted strongly, expressing concern about being drawn into a war.

Qatar and Washington have denied claims that Qatar's prime minister snubbed U.S. Senator JD Vance. This comes as Pakistan's role as a key mediator in ending the US-Iran conflict is highlighted.

India is diversifying its energy supplies, increasing crude purchases from Russia, Brazil, and Venezuela, to mitigate the impact of the Hormuz closure and the US-Iran conflict on its oil imports.

Major Gulf airlines, including Emirates, Etihad, and Qatar Airways, are actively working to regain market share lost due to the US-Iran conflict.

The Estonian Stockpiling Agency has released approximately 9% of its national fuel reserves to mitigate potential supply disruptions stemming from the ongoing U.S.–Iran conflict.

Commentary suggests that America has lost its war with Iran, describing the conflict as the most senseless war ever.

Tunisia Joins Saudi Arabia, Bahrain, Jordan, Qatar, Cyprus, Israel, and Others as the Ongoing US-Iran Conflict Rewrites the Regional Travel Landscape with an Unprecedented Drop in Tourism in the…

A Middle East expert analyzes the chaos in the region, discussing whether the US has already lost the war against Iran and why modern conflicts become traps for superpowers.

While the war in Ukraine appears overshadowed by the US-Iran conflict, experts believe a quiet revolution is unfolding as Ukraine increasingly uses a new generation of cheap drones, a strategy that could significantly impact the war's trajectory by exhausting Russian forces.

The Indian Union Cabinet has approved a ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund, which will be available for both domestic and international operations, in response to fears of a US-Iran conflict.

Gold prices have fallen back as renewed conflict between the U.S. and Iran boosts concerns over inflation and potential interest rate hikes, impacting investor sentiment.

Mediators are facilitating new US-Iran negotiations on a draft memorandum aimed at ending the ongoing conflict. The proposed agreement includes a truce, a $300 billion reconstruction package for Iran's economy, and a temporary non-aggression arrangement, with discussions also covering the Strait of Hormuz.

An Icelandic news program, Heimsglugginn, covered diverse topics including the battleship Bismarck, embezzlement by the Scottish National Party's CEO, Swedish politics, and the status of the US-Iran conflict.

Aluminum prices have surged nearly 17% since the start of the U.S.-Iran conflict, with commodity desks warning of a deepening supply crisis.

Crude oil prices have fallen on international markets, driven by hopes that the potential for a US-Iran conflict is nearing an end.

Warsaw stock market indices soared to new records, driven by the prospect of an end to the US-Iran conflict and a drop in oil prices, encouraging investors to buy shares.

India's Finance Minister has stressed the potential impact of a US-Iran conflict on India's economy, focusing on fuel, fertilizer prices, and foreign exchange challenges.

Pakistan is experiencing a weekly inflation rate above 14%, with the US-Iran conflict and oil market volatility cited as factors fueling the cost-of-living crisis.

Saudi Arabia has reportedly suspended new consultancy contracts, raising concerns for firms like McKinsey, Boston Consulting Group, and the Big Four, amidst the fallout from a potential US-Iran conflict.

Indian markets are preparing for a volatile week, with investor sentiment dominated by the US-Iran conflict, soaring crude oil prices, and a weakening rupee, alongside inflation concerns.

An article analyzes how wars are typically assessed through a binary lens of winners and losers, applying this perspective to the recent US-Iran conflict and debating whether Washington achieved its objectives.

Oil prices remained steady, with Brent crude nearing $94 per barrel, as ongoing supply disruptions triggered by the US-Iran conflict continue to impact the energy market, positioning both Brent and WTI benchmarks for a second consecutive weekly increase.

Oil prices have climbed to a three-week high due to escalating concerns over Middle East supply disruptions. The ongoing impasse in the US-Iran conflict is contributing to market volatility.

With the US-Iran conflict ongoing for months, the Pentagon is reportedly evaluating its military footprint in West Asia with the aim of reducing its presence once the war concludes.

Oil prices stabilized amidst renewed fighting in Lebanon and attacks on vessels in the Strait of Hormuz, complicating the outlook for a potential deal to end the US-Iran conflict.

Shifting US objectives and the inability of either side to secure a decisive military victory risk the US-Iran conflict becoming a protracted war with repeated cycles of fighting, according to Bloomberg Economics Defense Lead Becca Wasser.

As tensions between the United States and Iran persist, oil traders and policymakers are evaluating whether global oil reserves are sufficient to withstand a prolonged conflict. The critical question is if current supplies can offset potential disruptions for another six months.

A medal awarded to Canadian Colonel David K. Turenne for his leadership during the Israel-Iran conflict has sparked questions regarding Canada's involvement in the US war with Iran.

Powerful explosions recorded on Qeshm island in southern Iran have raised alarm about a potential military escalation in the Persian Gulf, prompting an international security company to warn of increased risk for ports.

The Reserve Bank of India (RBI) decided not to hike the repo rate despite economic headwinds. RBI Governor Sanjay Malhotra acknowledged that the US-Iran conflict and El Niño continue to weigh on the global economy by disrupting trade routes and increasing market volatility.

Speculation arises whether Ukraine was leveraged to open a new front in the US-Iran conflict, as recent developments suggest the war may be entering a new phase despite a suspension of mutual attacks.

An analysis of the oil market indicates that prices are no longer primarily reacting to war rhetoric, but rather to actual supply cuts, as observed during the recent US-Iran conflict.

A report suggests that the conflict between the U.S. and Iran is exacerbating inequality in Africa, with Angola experiencing significant price hikes for food, fuel, and fertilizer that disproportionately affect the poor while benefiting the wealthy.

Former California Democratic congresswoman Jane Harman stated that the US war in Iran has turned every Middle Eastern country into a potential target, including those not yet involved in the conflict, highlighting the spreading danger.

Saudi Arabia faces a critical choice between retaliating to deter further aggression or de-escalating the situation as it tries to avoid being drawn deeper into the US-Iran conflict.

An analysis highlights how geopolitical events, particularly the escalation of the US-Iran conflict, are once again dictating financial market sentiment and investor expectations, with eyes turning to the Middle East.

The 'geopolitics of emotion' and the US-Iran conflict are signaling a potential new alliance that could reshape power dynamics in the Middle East, highlighted by international delegations at Ayatollah Ali Khamenei's funeral.

The conflict between the US and Iran has escalated, with explosions reported near a US military base in northern Iraq and sirens sounding in Bahrain, hours after the American military completed its 13th night of strikes against Iran.

Amid escalating tensions and reported US attacks on Iran, the United Kingdom has withdrawn its remaining diplomatic staff from Tehran. Iran has threatened to block oil exports from other regional countries if it is unable to export its own, while the Iranian-backed Houthi militia has attacked ships in the Red Sea, aiming to disrupt Saudi oil exports.

The US is reportedly targeting Iran's southern port city of Bandar Abbas to degrade its ability to threaten shipping, highlighting the city's crucial role in Iran's maritime logistics and coastal defense.

Jordan is emerging as a new frontline state in the escalating Middle East conflict, facing increased Iranian attacks and becoming a target for Tehran.

An explainer analyzes the direction of the US-Iran conflict following nine consecutive nights of strikes. The US has signaled further escalation, expanding military operations and raising concerns over regional security.

Pakistan and Kuwait have called for de-escalation, restraint, and respect for sovereignty amid widening tensions between the US and Iran, urging the implementation of the Islamabad MoU.

The ceasefire agreement collapsed last week, leading to increased tensions between the US and Iran as both sides target each other's infrastructure.

The Warsaw Stock Exchange experienced a significant sell-off, with the WIG20 index dropping by approximately 1%, primarily due to declines in banking and KGHM shares. Investors are reportedly fleeing risk ahead of the weekend, fearing an escalation of the conflict between the USA and Iran.

The conflict between the US and Iran shows no signs of de-escalation after a week of continuous exchanges of strikes, with both sides moving further away from the memorandum of understanding signed in June.

As the US-Iran conflict continues, both nations are grappling with dwindling options to de-escalate the situation, with concerns about US weapon stockpiles and political constraints influencing decisions.

The International Energy Agency (IEA) has issued a warning that a renewed conflict between the United States and Iran could potentially disrupt the global oil surplus forecast.

Pakistan and Bangladesh have agreed to enhance cooperation in combating cybercrime and online fraud, with ministers from both countries also discussing the US-Iran conflict and the situation in the Middle East.

Prime Minister Mark Carney sought to strengthen ties with Saudi Arabia, condemning Iranian attacks on Gulf shipping and reaffirming support for regional security, as renewed US-Iran fighting overshadowed his visit.

Oil prices saw minor changes this morning despite a second consecutive night of American attacks on Iran.

Europe is significantly behind schedule in refilling its gas storage for winter, with current levels being the lowest in 15 years due to the US-Iran conflict disrupting trade in the Persian Gulf, and experts are unsure if the reopening of the Hormuz Strait will resolve the issue in time.

An analysis explores how the US-Iran conflict is compelling African governments to re-evaluate their security and economic priorities, creating new geopolitical opportunities.

Global air cargo demand saw a 6% increase in May 2026, demonstrating resilience in the industry despite ongoing geopolitical tensions.

Romania has responded to Iran's accusations, stating that it was not involved in the US-Iran conflict and its priority is to support diplomatic efforts for regional de-escalation and peace in the Middle East.

Pakistan's diplomatic efforts in facilitating a peace agreement during the U.S.-Iran war have garnered widespread praise, potentially leading to economic advantages for the country.

The Tokyo Stock Exchange's Nikkei average surged over 800 yen on Monday, surpassing 72,000 yen for the first time and setting a new intraday record. The rally was fueled by buying in AI and semiconductor stocks following news of US-Iran conflict resolution talks in Switzerland.

The resolution of uncertainty and a potential drop in oil prices are identified as key factors positively impacting inflation, interest rates, and stock markets for investors.

An analysis suggests Washington achieved a strategic victory in a complex war with Iran without losing a single combatant, highlighting a unique historical outcome.

The Tokyo stock market saw the Nikkei average update its highest value during trading hours, breaking the 70,000 mark for the first time. This surge was influenced by news of a potential US-Iran conflict resolution and the Bank of Japan's interest rate hike meeting market expectations.

New revelations shed light on the sensitive background of the US-Iran conflict, detailing the fate of Iran's enriched uranium and alleged plans considered by Washington for a ground operation to seize it, along with Tehran's 'locked' tunnels.

Richard Haass, President Emeritus of the Council on Foreign Relations, suggests that any potential agreement between the US and Iran would lead to a 'fake peace' and that the conflict has worsened the situation, not leading to a lasting ceasefire.

Experts warn that even a peace deal between the US and Iran may not immediately ease the growing energy and supply chain crisis, as reopening the Strait of Hormuz and repairing infrastructure could take months or years.

Time is reportedly on Iran's side, potentially leading to global oil reserves falling below critical levels. In response to potential US-Iran conflict, the Philippines is initiating plans for Maharlika-funded oil reserves.

Admiral Dinesh K Tripathi, the Indian Navy chief, discussed the US-Iran conflict in West Asia, stating it 'busted the myth of short wars' and emphasized the need for theatre commands.

The Reserve Bank of India (RBI) acknowledges the impact of the West Asia crisis but expresses confidence in India's domestic resilience to counter negative effects.

The Sensex is experiencing a downturn and gold prices are volatile amidst fears of a potential US-Iran conflict, prompting discussions on the stability of fixed deposits.

For the first time since the start of the US-Iran conflict, the millennia-old Persian carpet industry is severely threatened, with exports of handmade Iranian carpets, once valued at nearly $2.5 billion, facing significant decline due to war and sanctions.

Follow the latest from the US-Iran conflict here on our Irish Independent live blog

The US and Iran are reportedly close to a deal to end a war, with details of the proposed agreement emerging. However, Iran denies that its nuclear issue is part of a preliminary US deal and asserts that the Strait of Hormuz remains under its control, even as Britain's navy prepares to clear mines in anticipation of a peace agreement.

Prime Minister Modi held a four-hour meeting with ministers to discuss India's strategy in grappling with the economic fallout of the escalating conflict in West Asia, referring to the US-Iran war.