Middle East war enters fourth day in 'smoke and blood'
🔴 Tension RisingThe Canberra Times2026-05-14
The US-Israeli air war against Iran is escalating, causing global energy supply concerns and a surge in oil prices, leading to declines in European stock markets. Israel is rapidly advancing in eliminating Iranian leaders and destroying defenses, accelerating the campaign due to concerns about potential US agreement with surviving Iranian leaders. Iran retaliated with missile and drone attacks on neighboring Arab states and is blocking shipping through the Strait of Hormuz.