US and Iran Trade Intense Strikes as Ceasefire Hangs in Balance

DATA & FIGURES

17 people killed in Iran, 90 targets hit by the US, 10 ballistic missiles fired by Iran at Jordan's Azraq military base, 20% of the world's oil and gas passes through the strait of Hormuz, 17 June MoU signed to extend ceasefire and start negotiations for a permanent truce

THE SCENARIO

The exchange of fire between the US and Iran has raised concerns about the long-term prospects of negotiations and the potential for the ceasefire to break down. Significant gaps remain between the two countries over issues such as Iran's control over the strait of Hormuz and inspections of nuclear facilities.

DIRECT QUOTE

"America still hasn’t learned that bullying and breaking promises are no longer cost-free. If you strike, you’ll get hit!" — Mohammad Bagher Ghalibaf, Senior Iranian Negotiator and Parliament Speaker

BBN INSIGHT

The Positive Side: The US strikes may degrade Iran's capacity to threaten freedom of navigation in the strait of Hormuz, which could lead to increased stability in the region and lower oil prices. The Negative Side: The exchange of fire has raised concerns about the long-term prospects of negotiations and the potential for the ceasefire to break down, which could lead to further instability in the region and higher oil prices. The impact on everyday people could be significant, with potential disruptions to oil supplies and increased tensions in the region.