Ceasefire Announced: War Damage to Take Years to Recover from

Iran war latest update: The ongoing war in West Asia has stopped after Trump's ceasefire announcement. But it will take years to compensate for the damage. During this war, Iran closed the Strait of Hormuz, which caused a surge in crude oil prices all over the world. Saudi Arabia started using its second oil supply route (East-West oil pipeline). However, according to reports, this pipeline has also been damaged in the Iranian attack. Reuters reports that even though the route to Hormuz has been opened after Trump's ceasefire announcement, millions of barrels of oil are still expected to be out of the crude market. According to a source in Saudi Arabia, Iran has targeted several oil installations and oil supply points in Saudi Arabia during its attacks. It has also targeted the East-West pipeline and one of its hubs (Yanbu port).