Photo AP

The ongoing conflict between Israel and Iran is causing widespread consequences that are felt across the globe. Israel’s recent military strikes, known as ‘Operation Lion,’ targeted Iran’s key military and nuclear facilities, leading to the deaths of several senior Iranian military leaders and nuclear experts. In retaliation, Iran launched missiles and drones at Israel, with some of the attacks being intercepted by U.S. defense systems. This exchange of military actions has raised fears that the situation could escalate, potentially involving more countries in the region.

One of the major impacts of this conflict has been the surge in oil prices. Brent crude oil prices shot up by over 9%, reaching $78 per barrel, the highest in five months. The increase is mainly driven by concerns about possible disruptions in oil shipments, especially through the Strait of Hormuz, a crucial route for global oil trade. Although oil prices have started to stabilize, experts warn that continued tensions could lead to even higher prices, creating further economic challenges worldwide.

Air travel has also been significantly disrupted. Many airlines have canceled or rerouted flights to avoid flying over Israeli and Iranian airspace. A time-lapse video from Flightradar24 showed a sharp decline in flights over Iran after the strikes began. Airlines are suffering financial losses, while passengers face delays and cancellations.

The threat of the conflict spreading into a full-scale regional war is a growing concern. With both Israel and Iran possessing strong military forces and several proxy groups involved, there is a real risk that neighboring countries could be drawn into the conflict, leading to more instability and posing serious threats to global security.

Leaders from around the world are closely monitoring the situation, and diplomatic efforts are underway to prevent further escalation. However, the situation remains unstable, and there is still a high risk of things worsening. The international community is now facing the challenge of dealing with the immediate humanitarian and economic consequences while trying to find a lasting solution to the conflict.

As the situation unfolds, the world is watching with hope for peace. This conflict shows just how interconnected the world is, with one region’s instability quickly affecting many others.