The ongoing conflict in the Middle East, now in its twentieth day, continues to escalate following attacks by the US and Israel on Iran, significantly affecting the leadership and military capabilities of Tehran. In retaliation, Iran is launching missiles at US bases located in Gulf countries and continues to face airstrikes from Israel. This military confrontation has now transformed from conventional warfare into a significant 'Oil War', where energy infrastructures are directly targeted, impacting not only the Middle Eastern region but also various global markets.

The conflict intensified notably after Israel's military strike on Iran's South Pars gas field, which is considered one of the largest gas fields in the world, shared between Iran and Qatar. This strike has led to serious concerns regarding energy security, as Iran's state media reports significant damage to this crucial gas resource. The South Pars field, critical for Iran's economy and energy supplies, has now become a battleground, highlighting the geopolitical tensions surrounding energy resources in the region.

Consequently, the global oil supply has faced severe disruptions, leading to a spike in oil prices worldwide. The implications of this conflict are far-reaching, affecting not only regional dynamics in the Middle East but also impacting global energy markets and economic stability. As the conflict progresses, the interconnected nature of international energy resources and global demand becomes increasingly evident, potentially laying the groundwork for further international tensions and crises.