Middle East Conflict Intensifies with Gaza Attack, Iranian Strikes, and Ceasefire Rejection

The Middle East conflict has escalated following an Israeli strike on a Gaza tent camp and Iranian retaliatory attacks on Kuwait and Bahrain after an exchange of fire with the US. Further complicating peace efforts, Hezbollah has rejected a new ceasefire proposal between Israel and Lebanon, with Israel indicating it will not withdraw troops. These developments are also impacting global oil supply chains due to disruptions in the Strait of Hormuz.