Israel-Iran conflict - The Hindu

Context
Tensions between Iran and Israel have escalated, raising concerns about a full-scale regional crisis, which could impact global oil prices due to Iran’s role as a major oil producer.

Escalation of Conflict in West Asia

• Iran’s Missile Attack: Iran launched missiles on Israel, intensifying the conflict.
• Shift in Israeli Focus: Israeli military has shifted focus from Hamas in Gaza to Hezbollah in Lebanon.
• Retaliation Concerns: There are fears that Israel's retaliation could widen the conflict.
• Assassination Impact: The assassination of Hezbollah leader Hassan Nasrallah has contributed to the instability.
• Trade Disruption Risks: The conflict could disrupt trade as Hezbollah has strong ties with Houthi rebels, who frequently attack ships in the Red Sea route.