The Iran war has evolved from direct military confrontation into a wider regional and economic crisis. The conflict began with coordinated US-Israeli strikes on Iranian military and strategic targets, prompting retaliatory missile and drone attacks from Tehran and a sharp escalation across the region. One of the biggest flashpoints has been the Strait of Hormuz, where Iran tightened oversight over vessel movement, disrupting commercial shipping and triggering concerns over global oil supplies. US responded by increasing its military presence in the region while simultaneously pursuing backchannel diplomacy to avoid a broader war. President Donald Trump has alternated between warnings of further military action and calls for negotiations. The conflict has rattled global markets, pushing up oil prices, freight costs and insurance premiums. Tensions remain high, with the crisis now shaped by strategic deterrence, energy security concerns and fragile diplomatic efforts.