Tehran's Missile Strike: A Prelude to Peace?

President Donald Trump has expressed gratitude towards Iran after the nation provided advance warning of a missile strike targeted at a US military base in Qatar. The strike came in response to US attacks on Iranian nuclear facilities, aiming to de-escalate tense relations between Israel and Iran.

Trump confirmed that the strike caused no casualties, attributing this to the early notice which allowed precautions to be taken. Many analysts, including former US officials, suggest Iran's limited retaliation indicates a reluctance to further escalate conflicts with either the United States or Israel.

Meanwhile, economic repercussions loom as Iran considers closing the Strait of Hormuz, a critical channel for global oil and gas shipping. Though markets have responded calmly so far, the potential closure could trigger hikes in oil prices, affecting economies worldwide.

(With inputs from agencies.)