Revolutionary Guards warn of “opening new fronts” and further action over Lebanon offensive, as indirect negotiations with US stall over ceasefire, nuclear deal and Strait of Hormuz.
With the Strait of Hormuz being a key waterway for crude oil and liquefied natural gas transport, oil and gas prices have spiked and fluctuated in recent days.
The economic impact of the crisis has begun to bite around the world, with governments looking to cut energy consumption and airlines scaling back flights.
