Escalating Middle East conflict threatens global energy markets. U.S. and Israeli forces have struck over 3,000 Iranian targets in the first week of Operation Epic Fury, with no signs of slowing down. Israel launched another wave of attacks on Tehran, deploying more than 80 fighter jets and approximately 230 munitions against military sites and missile storage facilities. President Trump demanded unconditional Iranian surrender, raising concerns about prolonged conflict. The Strait of Hormuz, critical for global oil and gas supplies, has seen traffic near standstill. Gulf nations including UAE and Saudi Arabia activated air defenses against incoming Iranian missiles and drones. Emirates airline suspended all Dubai flights as the region braces for further escalation. Market volatility expected to intensify as geopolitical tensions threaten energy security worldwide.
