Amid escalating conflict in West Asia, NATO has withdrawn its final troops from Iraq following attacks on British and French-Italian bases in northern Iraq. The move came after Iran’s Foreign Minister warned that British air bases would be targeted if used in operations. Meanwhile, the United States has deployed the USS Tripoli, its third warship, towards the Strait of Hormuz, carrying approximately 2,200 marines. Reports suggest a potential operation involving Iran’s Kharg Island, which handles nearly 90 percent of Iran’s crude oil shipments. The conflict has triggered a global economic crisis, with Brent crude prices surging above 100 dollars per barrel from 73 dollars before the conflict. India faces immediate impact with premium petrol prices hiked by around 2 to 2.3 rupees per litre, the rupee hitting a record low of 93 against the dollar, and nearly 12 lakh crore rupees wiped out from Dalal Street in a single session. Critical energy infrastructure remains under attack, with six crucial energy hubs targeted and major facilities shut down across the region.
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