US Secretary of State Tony Blinken informed G7 foreign ministers that Iran and Hezbollah might launch an attack on Israel as early as Monday. This follows recent retaliatory threats from Iran and Hezbollah after Israel’s assassinations of Hamas leader Ismail Haniyeh and Hezbollah commander Fuad Shukr. Blinken sought G7 support to apply diplomatic pressure to limit the impact of these potential strikes and prevent a larger conflict. He emphasized that U.S. troop increases in the region are for defensive purposes. The situation remains tense, with regional countries preparing for possible escalation.The heightened geopolitical risk could lead to increased market volatility and impact global oil prices.
