Six months into the Iran war, and the conflict is being felt far beyond west asia, in oil prices, stock markets, food costs and economies across the gulf. Brent crude has surged, global supply chains have been disrupted, and yet remarkably, world stocks have continued to rise, helped by the artificial-intelligence boom.

Oil surges as West Asia war drags on

Iranian Foreign Minister Abbas Araghchi announced that talks between Iran and Oman regarding a temporary shipping route through the Strait of Hormuz are nearing completion, but the strategic waterway will remain closed until the United States meets separate conditions

Araghchi says Oman talks near end but Hormuz remains closed

US Vice President JD Vance spoke with Prime Minister Narendra Modi on Saturday, August 8, 2026, as India and the United States look to deepen their Comprehensive Global Strategic Partnership. The call comes amid heightened tensions and major geopolitical developments in West Asia.

US VP Vance dials PM Modi amid West Asia war

US crude oil production has surged to a record 13.8 million barrels per day, with President Donald Trump highlighting rising American energy exports. But as conflict in West Asia disrupts global markets, developing economies are facing mounting foreign exchange pressures and higher energy costs.

US crude output reached 13.8 million barrels per day, but who's paying the price? 

Tensions in West Asia continue to simmer despite the absence of a full-scale war, as Iran weighs military pressure against escalating regional risks. From surprise strikes to sanctions, blockades, and shifting strategic calculations, the conflict is entering a new phase with far-reaching consequences for regional stability and global security.

Sanction & Blockades: Why a ceasefire may not suit Tehran

Could the Iran conflict trigger a new nuclear arms race in West Asia? As missiles, drones and deterrence dominate military calculations, regional powers are reassessing their security strategies. The war is raising fresh concerns about proliferation, strategic balance and the future of stability in the Middle East.

Iran war puts missiles, drones and deterrence in focus

IRGC has claimed major hits and destruction in retaliatory strikes on U.S. bases in Jordan and Kuwait. Attention is now turning to Washington's likely response, the risk of further escalation, and reports suggesting Russia may have quietly assisted Iran in targeting alleged U.S. CIA sites.

US-Iran War: Iran destroys US Patriot Air-Defence System 

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