What we know on the 14th day of the US and Israel’s war with Iran

What we know on the 14th day of the US and Israel’s war with Iran

Escalating tensions reshape the regional landscape

By the 14th day of the US-Israel conflict with Iran, economic repercussions have intensified, with no immediate easing of the crisis. Tehran’s new supreme leader has reiterated a commitment to maintain the Strait of Hormuz under threat, a critical route for global oil shipments.

Casualties have increased, with six U.S. service members killed in a refueling aircraft crash in western Iraq. This incident occurred just days into the conflict’s third week, adding to the toll of over 2,000 lives lost in Iran and Lebanon since hostilities began. Additional deaths have been reported across the broader Middle East region.

Oil prices surged on Friday, fueled by concerns over the strategic waterway. Meanwhile, an Iranian official hinted at potential conditions to permit oil tankers through the fortified strait, suggesting the possibility of requiring transactions to be settled in Chinese yuan.

“Iran is considering terms for oil traffic to resume, including a shift toward yuan-based trade,” said an unnamed source from Tehran.

As the conflict enters its third week, the situation remains fluid, with ongoing developments shaping the future of regional stability and international energy markets.