US-Iran Ceasefire Breaks: Global Economy at Risk as Tensions Escalate

The three-week-old ceasefire between the US and Iran has now broken. US President Donald Trump has made it clear that the ceasefire is over. After this, the US military has attacked more than 80 Iranian military bases, while Iran also targeted American bases in Bahrain and Kuwait. The impact of this confrontation is no longer limited to West Asia. The world's eyes are on the oil market and the Strait of Hormuz, because this is where the global economy will go in the coming days. This period is also very important for India. The reason is not only oil, but inflation, rupee movement, cooking gas, stock market and the festive season. The US has now said to end the agreement signed in June and now the next 40 days will decide whether the situation will be normal or tense. If the situation worsens, it can directly affect the pocket of the common man of India. During the ceasefire, Brent crude came to ID5 per barrel, but after a few days, it has reached 78% in its barrel.