Why Iran's Turmoil Will Have a Global Impact We weren’t able to create a summary for you. Refresh your page to try again. Iran responded by launching attacks on Israel and US-allied states in the Gulf. The fighting escalated quickly, spreading to Lebanon, with casualties and damage mounting on all sides. The US and Iranhave since agreed to a conditional two-week ceasefire starting on 7 April. Attacks on Iran increase and Israel tells Iranians to avoid train travel as deadline to reopen strait of Hormuz looms. CNN's Anna Stewart explains the strategic importance of the Strait of Hormuz off Iran's southern coast and how the conflict between Israel and Iran could impactglobal energy markets.. Iranians look at turmoil across the Middle East and North Africa and claim they recognise the benefits they enjoy at home now. Iranian President Hassan Rouhani at the opening of the 28th Tehran International Book Fair (AFP). Iran's Revolutionary Guards chief, Hossein Salami, issued a stark warning of "bitter consequences" for Israel following its recent air raids on Iranian military sites, characterizing these actions as a severe "miscalculation" in Israel's ongoing conflict with Tehran-aligned militants. The Iranian regime is in turmoil thanks to the "maximum pressure" policy implemented by US President Donald J. Trump against the ruling mullahs. Iran's currency, the rial, lost more than half its value so far just in 2020. Iranhas struck back with missiles aimed at northern Israel and at US military bases in the Middle East. Details of casualties and damage in Iran and Israel are sparse at the moment.