What's the impact of the Israel-Iran conflict on oil prices?
As the Israel-Iran conflict escalates, every missile launched could reverberate through the global economy.
At risk is 20 percent of the world's oil, which flows through the Strait of Hormuz.
Vital trade routes, the shipping industry, travel and tourism face threats too.
Oil prices had soared to $76.45 a barrel. If they continue to go up, it would push up the cost of living all over the world.
Iran's economy is reeling under Western sanctions. But as Israel presses to choke it even further and with its war on Gaza continuing, its own economy is under extreme stress too.
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In Gaza, it was a 'total victory' over Hamas while with Iran he has said Israel will end Iran's nuclear programme and even suggested the possibility of regime change in Tehran. Netanyahu may find once again that it is easy to start wars but not to finish them in a manner that is satisfactory to his political base. 'Netanyahu is making a big gamble,' Dov Waxman, professor of Israel studies at the University of California-Los Angeles, told Al Jazeera. 'If the war doesn't succeed in destroying Iran's nuclear programme or forcing Iran to make unprecedented concessions to reach a new nuclear agreement, then it will be considered a failure in Israel, and this will no doubt hurt Netanyahu politically. And if the war drags on and Israeli casualties continue to mount, then Israeli public opinion may well turn against the war and blame Netanyahu for initiating it.' 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