US-Iran Ceasefire Crumbles Amid Strikes

The fragile ceasefire between the United States and Iran has collapsed following new military strikes and escalating tensions in the Middle East.

US forces intercepted Iranian ballistic missiles and drones aimed at neighboring Middle East countries and struck a command center in Iran in response.

This exchange followed days of Israeli military escalation against Iran-backed Hezbollah in Lebanon.

The OECD has warned that this prolonged conflict could lead to a severe global economic slowdown.