<ul data-eligibleForWebStory="true"><li>Israel and Iran have engaged in a conflict involving airstrikes, drone attacks, and military strikes targeting nuclear facilities, military sites, and high-ranking officials.</li><li>The escalation began with Iran's failure to meet nuclear transparency guidelines and the subsequent opposition from the US, UK, France, and Germany.</li><li>Following Iran's announcement of new nuclear facilities, Israel launched 'Operation Rising Lion' to target nuclear sites and infrastructure.</li><li>The conflict has led to global economic impacts, including rising oil prices, falling US futures, and fluctuations in gold prices.</li><li>Tensions are high due to fears of Iran closing off the crucial trading route of the Strait of Hormuz, potentially affecting global oil and LNG trade.</li><li>Stock markets could be impacted, with companies in crude-dependent industries facing pressure on margins and raw material costs.</li><li>Aviation, paint, tyre, and lubricant industries may experience financial challenges due to increased crude prices and raw material costs.</li></ul>

Israel-Iran Conflict: Escalation Timeline And What We Know So Far

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