US and Iran trade missile barrages as hopes dim for a quick resolution

The United States and Iran exchanged missile barrages on Thursday, reviving a pattern of reciprocal strikes. This escalation underscores the difficulty of resolving a five-month conflict that has already jolted the world economy. The spiraling violence has led to soaring prices for fuel and other basic necessities. As these military exchanges continue, hopes for a quick resolution diminish, reflecting the persistent instability and economic strain caused by the ongoing confrontation between the two nations.