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Israel-Iran conflict

Israel-Iran conflict
The long-standing proxy conflict between Israel and Iran dramatically escalated into direct confrontations on June 13, 2025. Israel launched a surprise aerial campaign targeting sites across Iran, stating its aim was to prevent Iran from acquiring atomic weapons. Iran, which has long claimed its nuclear programme is for peaceful purposes, retaliated with missile attacks, leading to successive tit-for-tat exchanges and raising fears of an all-out war between the two foes.
US, Israel war on Iran

Crude oil drops as US inches towards Iran deal to reopen Strait of Hormuz

The strait – which links the region to world markets – has been subject to a double blockade, with curbs imposed by both Iran and the US.

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‘Time on our side’: Trump says Iran blockade remains until deal is signed

US jobless claims fall as lay-offs remain low despite economic uncertainty

Despite historically low lay-offs, the labour market appears to be stuck in what economists call a ‘low-hire, low-fire’ state.

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