The ongoing Israel-Iran conflict could trigger global instability, spike oil prices, disrupt trade routes, increase inflation, and strain diplomatic relations, forcing countries like India into comple

The war between Israel and Iran continues to rage on, with both sides ramping up deadly attacks on one another, threatening to engulf the region in a broader conflict. How did the war begin? Why did Israel initiate it?

Critical energy infrastructure in Israel and Iran has not escaped unscathed from the first few days of the countries' escalated conflict. Worst-case scenarios have yet to be realized, but the war is already having a notable impact on energy production and exports in both countries.

The risk of Iran closing the Strait of Hormuz is real and could disrupt 20% of global oil supply. Click here for more information on Market Outlook.

Concerns remain over potential closing of the Strait of Hormuz; continued escalation could hit crude oil, global trade

Iran remains in economic crisis due to international sanctions over its nuclear program, which have limited its oil exports. The Iranian rial remains weak and inflation is stubbornly high at around 40%. Any further disruption to oil exports would ripple globally.

Iran-Israel conflict disrupts global trade, impacting India's exports. Increased freight rates and uncertainties threaten Red Sea and Strait of Hormuz routes.

Loud explosions rocked key Iranian cities as well as Israel’s Tel Aviv and Jerusalem on Tuesday, amid fresh missile attacks from both sides. Meanwhile, Iran has claimed to hit Israeli spy agency Mossad's centre.

The ongoing Israel Iran war has unleashed not only a massive aerial assault with missiles and drones causing heavy destruction in both the countries but could potentially impact global economy including India with whom the two have trade relations.

The stated intention of the attacks was to stop Iran from building a bomb. Some experts worry it may have the opposite effect.