Iran war

The Iran war, ongoing for over seven months, continues to be a significant global event with far-reaching consequences. Recent reports indicate that while crude oil exports from the Strait of Hormuz have largely returned to pre-war levels due to alternative transport methods, shipping through the strait remains at a low. The conflict is also having a notable impact on US politics, with leaked audio revealing concerns that rising fuel prices, attributed to the war, are harming Republican candidates ahead of midterms. President Trump has dismissed responsibility for the war's length and low poll ratings. Regionally, fighting in Yemen has intensified, with Iran stating there is no military solution to its conflict with the US. Iran has also indicated that while the US has accepted some of its peace terms, the response is deemed 'inadequate,' even as attacks on Riyadh airport continue. The war is also contributing to a 12-year low in US consumer confidence due to inflation and stagnant wages.