The Cycle of Conflict Continues in the Gulf The latest exchange of fire between Iran and the United States has sent shockwaves through global markets, with Asian and European stocks plummeting and oil prices soaring to their highest levels since July.
The question on everyone's mind is what this means for the stability of the Middle East and the prospects for peace in the region.
Iran responded to reports of a US led strike on its southern coast, which allegedly killed five people and wounded dozens at a wedding party, by launching a series of attacks on American bases across the Gulf.