The ongoing conflict between Iran and the U.S./Israel coalition has had far-reaching consequences, impacting oil prices, stock markets, and global trade. Iran's strategy of targeting U.S. Gulf allies has led to a surge in oil prices, reaching over $100 per barrel, and a decline in stock markets worldwide. The situation has created a tense atmosphere, with Iran's threats to 'abandon all restraint' if attacked, and the U.S./Israel coalition's ongoing military operations. The conflict has also resulted in the displacement of up to 3.2 million people in Iran, with most fleeing to rural areas. The Israeli military's strikes on Iranian nuclear facilities and the recent attack on a U.S.-owned oil tanker in the Persian Gulf have further escalated tensions. Qatar's interception of Iranian missile attacks and the announcement of a fuel surcharge hike by Cathay Pacific highlight the global impact of the conflict. The situation remains volatile, with experts warning of a slim chance of regime change in Iran and the potential for further military escalation.
