On Sunday night, Tehran experienced two significant explosions that were felt miles away, coinciding with the second day of military assaults by the United States and Israel on Iran. This escalation is expected to lead to an increase in oil prices, as discussions around the crisis take place when markets reopen on Monday. The potential long-term implications of this conflict could influence the global economy significantly if the situation deteriorates further. Israeli Prime Minister Benjamin Netanyahu stated that the country is mobilizing 'the full strength of its military' in concert with U.S. actions to ensure the 'existence and future' of Israel. He noted that Israeli forces are intensely targeting the 'heart of Tehran,' implying a strategy of increasing military pressure. The continued offensives are likely to expand in the coming days, which raises concerns about further international repercussions and risks of broader conflict in the region. Additionally, U.S. President Donald Trump has expressed his willingness to engage in dialogue with new Iranian leadership amid rising tensions that already resulted in the deaths of at least three American soldiers and nine Israeli civilians due to counterattacks from Iran. The situation remains volatile, and the unfolding events could have a substantial impact on international relations and economic markets if unresolved.