All eyes are on Iran-U.S. nuclear talks this weekend after Israel launched an attack

Geopolitical Implications - Israel launched a sweeping military assault on Iran, striking over 100 targets with over 200 fighter jets [1] - The strike reportedly killed two of Iran's most powerful military figures, including the head of the IRGC, and six Iranian nuclear scientists [2] - Saudi Arabia, the UAE, and Qatar condemned the strikes, expressing concern about regional security [3] - The US may want Iran back at the negotiation table to get a nuclear deal done, potentially impacting talks in Oman [4] Energy Market Impact - Brent crude oil jumped above $75 per barrel due to regional instability [8] - Traders are pricing in the risk of potential disruptions to oil flows across the Gulf [9] - Approximately 20% of the world's oil supply passes through the Strait of Hormuz daily, making it a critical choke point [10] - Regional instability could drive volatility in crude prices [8] Regional Dynamics - Arab states may benefit from the setback to Iran's nuclear ambitions [6] - Israel has been perceived as doing the "dirty work" for Arab states for many years [6] - Gulf states are prioritizing peace and prosperity, focusing on economic development and societal advancement [7]