Israel launched fresh airstrikes on Tehran on Monday, as Iran threatened retaliation against key infrastructure across the Gulf.
The escalation marks a deepening conflict now entering its fourth week.
Explosions were reported across Tehran following the latest strikes.
In response, Iran continued missile and drone attacks targeting Israel and strategic locations across the region.
Saudi Arabia and the United Arab Emirates confirmed they intercepted incoming threats.
Energy crisis deepens
The conflict has severely disrupted global energy supply.
The International Energy Agency said at least 40 oil and gas facilities have been damaged.
Its chief, Fatih Birol, warned that about 11 million barrels of oil per day have been lost.
“No country will be immune to the effects of this crisis,” Mr Birol said.
Strait of Hormuz Tensions
Iran has tightened control over the Strait of Hormuz, a key route for global oil shipments.
The country has restricted access and warned of further measures, including possible tolls on vessels.
The strait handles about a fifth of the world’s crude oil supply.
US Response
Donald Trump issued a 48-hour ultimatum to Iran to reopen the strait.
He warned that the United States could target Iranian power plants if the demand is not met.
Iran’s parliament speaker, Mohammad Bagher Ghalibaf, responded by threatening to destroy key infrastructure across the region if the US escalates further.
Market Impact
Oil prices have surged above $100 per barrel amid fears of prolonged disruption.
Asian stock markets also declined as investors reacted to growing uncertainty.
Analysts warn that the crisis could trigger a global economic slowdown.
The situation remains volatile with both sides maintaining aggressive positions.
Global leaders are calling for diplomatic intervention to prevent further escalation.
Any prolonged disruption in oil supply could worsen inflation and economic instability worldwide.
Background
The conflict began following joint military actions by Israel and the United States against Iran in February 2026.
Since then, both sides have exchanged attacks across multiple fronts.
The crisis has become one of the most significant geopolitical and energy disruptions in decades.
Discover more from VOICE OF THE PEOPLE
Subscribe to get the latest posts sent to your email.
