Middle East tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil supplies. Economists warn of a significant economic shock if a US-Iran agreement remains elusive. This conflict threatens jobs and economic growth worldwide, particularly in Europe and Asia. The world economy faces growing risks as diplomatic efforts falter.

Global geopolitical stability is hanging by a thread after the Islamic Republic of Iran abruptly pulled the plug on its highly sensitive, mediated peace negotiations with the…

'We are in a very unstable phase in a grey zone between war and peace' a Gulf security analyst said