As the U.S.–Israeli war on Iran intensifies, Iraq has been pushed into a deepening economic crisis, especially after Tehran decided to close the Strait of Hormuz—the narrow waterway that serves as a lifeline for Iraqi oil exports.

The United States and “Israel” have stumbled into a crisis in their war on Iran that may be larger than either can manage.

In a matter of days, Dubai’s long-standing image as a stable, untouchable hub has been shaken, exposing how quickly its economy can be undermined when confidence—the foundation it relies on—begins to erode.

A US defense official stated that American forces have conducted operations in Iraq concurrently with the military campaign being carried out by the U.S. and “Israel” against Iran.

While Middle Eastern economies and global markets suffered significant losses due to the US-Israeli war on Iran, weapons manufacturers emerged as the biggest beneficiaries of this conflict.