The US-Israel war with Iran has entered its seventh week, creating mayhem across the globe. On Tuesday, US President Donald Trump's deadline is ending for Iran to reopen the Strait of Hormuz. If the Islamic regime fails to open one of the largest global oil and gas chokepoints, Trump has vowed to bring Hell in Iran. The US President has promised to hit Iran's civilian infrastructure and major power plants.
Meanwhile, Iran has formerly rejected the 45-day truce plan of mediators between the country and the US. It has instead released a 10-point plan to end the war, which includes a permanent end to hostilities, a halt of Israel's attack on Lebanon, a guarantee of refraining from future attacks and recognition of control of Hormuz, among others.

However, Iran woke up to Tuesday morning with fresh attacks from Israeli forces, who have hit its largest petrochemical facility.
The global market is under pressure following the grave impact the ongoing Middle East conflict could bring in the long run. Inflationary pressures have already started to take effect. Meanwhile, crude oil prices have skyrocketed to cross above the 115 per barrel mark, keeping global uncertainties in the loop.
Stay tuned for real-time updates on US-Israel-Iran war at GoodReturns.
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