It is worth noting that a $10-per-barrel increase in crude oil prices could raise India’s oil import bill by $12–13 billion annually and widen the current account deficit (CAD) by approximately 0.3% of GDP, leading to depreciation of the rupee, which has already fallen to ₹86 per US dollar.

Shapiro served as Deputy Assistant Secretary of Defense for the Middle East until January—charged with, among other things, considering scenarios in which tensions between Israel and Iran escalated into all-out war and preparing U.

If oil hits US$150, expect blood on Wall Street, pain at the pumps and fireworks from Washington.

Wall Street has all but dismissed the threat of a shock from the conflict. But the danger hasn’t completely passed, and other dangers are building.

Israel's "preemptive" strikes against Iran targeting the country's nuclear program and killing top military officials could have far-reaching implications for Ukraine and could boost Russia's ability to continue its full-scale invasion,

Iran has launched a new wave of missile attacks on Israel, triggering air raid sirens across the country as emergency services reported at least three killed and dozens more wounded in the fourth day

Anger is mixed with worry as Iranians in the capital of Tehran have woken up to images of their country’s retaliatory attacks on Israel

ABC's Marcus Moore in Ramat Gan, Israel, reports Iran calling off scheduled nuclear talks with the U.S. as Israel and Iran launch new waves of attacks.