The two powers have been exchanging barrages since Israel attacked Iran and killed many of the country’s top military leaders and scientists.

But the attack has far-reaching implications for the two middle-east nations and the region as a whole. Above all else, the conflict has the potential to disrupt peace and progress in the two nations and create a state of instability for as long as the war lasts.

Israel and Iran have begun a new round of attacks, as the conflict between the two heavily armed rivals enters its fourth day.

Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of the Israel–Iranian war.

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.

The fear is that this war between Israel and Iran will play out on the ground of all the countries in between, writes chief international correspondent Bel Trew from Damascus

In May 2025, the US and Israel then advanced a new aid mechanism for Gaza run by private security contractors operating in Israeli-approved “safe zones”. Aid is conditional on population displacement, with civilians in northern Gaza denied access unless they relocate.

In response to the evolving geopolitical situation following Israel’s recent attack on Iran and the resulting volatility in the international oil markets,

Brent crude oil futures gained $4.87, or 7.02%, to settle at $74.23 a barrel after earlier soaring over 13% to an intraday high of $78.50, the strongest level since January 27.