New waves of strikes have targeted Iran and Gulf nations, coinciding with increased threats from Tehran against oil facilities. Israel's military reported that over 200 targets were targeted in a single day as the US-Israeli campaign continues into its second week. The situation has escalated into a significant regional conflict that is disrupting the economy, causing concerns about oil supply globally.

In response, Washington has announced the easing of restrictions on Russian oil sales as a measure to stabilize market conditions, recognizing the potential fallout from the rising crude prices triggered by the conflict. President Donald Trump emphasized the importance of eliminating Iran's influence over concerns for international oil prices, indicating a willingness to prioritize the conflict over economic stability.

Oil prices have remained above $100 a barrel, even with the release of strategic reserves aiming to mitigate the impact of potential supply disruptions. The International Energy Agency has cautioned that this conflict could lead to unprecedented supply disruptions in the oil industry, signaling far-reaching implications for the global economy as the conflict appears to be intensifying rather than subsiding.