New Delhi, April 5 -- The war between US-Israel and Iran has stretched on for over a month, and despite claims of the conflict winding down, it remains a major driver of global economic anxiety.

Earlier this week, US President Donald Trump stated that the operation's "core strategic objectives are nearing completion," citing the degradation of Iran's missiles, drones, and naval capabilities. Trump asserted that the US will complete its military mission "very shortly," but warned that American forces will hit Iran "extremely hard" over the next two to three weeks.

However, oil markets remain on edge. Following Trump's remarks, crude oil futures spiked more than 5%, reversing earlier market drops. Further complicating global supply woes, ...