US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict
The conflict between the United States and Iran has escalated with renewed missile exchanges, ending a brief period of calm. The ongoing war continues to impact global fuel prices and regional security, with mediators struggling to facilitate diplomatic progress.
Why it matters
The escalation threatens to destabilize the Middle East further and has significant implications for global economic stability and energy markets.
Manila Bulletin - US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict
US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict
A child rests his head on the coffin of a Popular Mobilization Forces fighter draped in the Iraqi flag during a funeral for Popular Mobilization Forces fighters killed in airstrikes on PMF bases in Najaf, Iraq, Thursday, July 30, 2026. (AP Photo/Anmar Khalil)
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