Tensions flare as the US strikes Iran following an Iranian drone shootdown. Iran retaliates with missile fire towards Kuwait, targeting US forces. These exchanges test a fragile ceasefire, impacting global energy supplies and fertilizer markets. Peace talks continue amidst escalating regional conflict, with both sides expressing cautious optimism.

The United States says it has bombed radar and drone sites in Iran after Tehran shot down an American drone over the weekend

Oil prices, which have risen sharply since the start of the war, gained more than 3% on Monday after the strikes.

Iran struck a US air base following American strikes on its military sites. Kuwait also reported missile and drone attacks. These actions have heightened regional tensions and…