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Donald Trump suggested that a peace deal with Iran was close, and for a brief moment it looked as though the Middle East conflict might finally be calming down. However, fresh US strikes against Iranian targets, reports of Iranian mine-laying activity near the Strait of Hormuz, the shooting down of a US drone, and renewed fighting involving Hezbollah in Lebanon now suggest the situation may actually be escalating once again.

In this video, we look at the latest developments in the Iran war, the growing tensions in the Gulf, and why the global economy remains extremely vulnerable while oil prices continue trading near $100. We also discuss the wider implications for inflation, interest rates, shipping, energy markets, and the cost of living around the world.

Could this still lead to a ceasefire, or are we entering a more dangerous phase of the conflict?

If you enjoy the video, please like, subscribe, and share your thoughts in the comments below.

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