US-Iran Conflict Threatens to Spill Into Wider War
Part of composite article Oil Crashes 7%, Wall Street Surges as U.S. and Iran Pause Strikes View full article →
Gulf states are watching with growing fear as the conflict between Iran and the United States escalates again. A pattern of strikes and counterstrikes is now firmly in place.
The situation is further complicated by rising tension between Saudi Arabia and the Houthis in Yemen. The Houthis, who are allied with Iran, are determined to break a blockade against them.
Diplomatic efforts continue, but the risk of a broader regional war is increasing.