Iran's missile strikes against Israel and Arab states have drawn Hezbollah into direct combat, expanding the war to Lebanon. Saudi Arabia's Ras Tanura refinery suffered drone attacks, marking a significant escalation targeting Gulf energy infrastructure. The refinery handles over half a million barrels daily, crucial for global oil supply. Strait of Hormuz attacks threaten a vital oil trade route, potentially disrupting global markets. Iran's Red Crescent reports 555 deaths in its territory, while Germany avoids military involvement but defends its bases.

Israel calls up 100,000 reservists amid Lebanon offensive. This conflict could spike oil prices and disrupt energy flows.