The escalating U.S.–Israeli war with Iran and Tehran’s retaliation against Gulf neighbours have severely disrupted Middle Eastern energy infrastructure and global oil and gas flows. Israeli strikes on Iran’s South Pars gas field and the Asaluyeh processing hub on March 18 triggered a wave of retaliatory attacks across the Gulf that hit refineries,

According to U.S. Central Command, over 5,000 targets were struck and 50 Iranian vessels were damaged or destroyed in the first 10 days of the war with Iran.

Attacks by the U.S. and Israel on Iran, and Iranian missile and drone attacks on neighboring countries, have disrupted oil and gas supplies to the rest of the world — and dealt an energy price shock to the global economy.

The United States military achieved every objective it set when it went to war in Iraq in 2003. Decapitation: Saddam Hussein was captured, tried and hanged. Air dominance: total, within days. Regime collapse: The Iraqi government fell in 21 days.

Iran has effectively blocked the Strait of Hormuz, one of the world's busiest oil shipping channels, since the US and Israel attacked the country on 28 February. About 20% of the world's oil and liquefied natural gas (LNG) usually passes through the strait and the war has sent global fuel prices soaring.

Iranian Kurdish families living in a camp in Iraq hold on to one hope: that the U.S.–Israeli war with Iran weakens Iran’s theocracy and lets go back home.

The war’s tempo remained high a day after Donald Trump delayed his self-imposed deadline for Iran to reopen the Strait of Hormuz.

Speaking at the White House earlier, the US president said negotiations to end the conflict were happening "right now".