FINANCE

FINANCE

Israeli strikes and US troop buildup put Pakistan’s peacemaker role under pressure

29 Mar 202618 Apr 2026

The conflict between the US, Israel, and Iran escalated rapidly, with initial strikes leading to a significant increase in gas prices, economic disruption, and a diplomatic effort by Pakistan to mediate a peace agreement. The situation developed into a full-blown war, with US ground troops deployed to the Middle East and Iran responding with force, before a two-week ceasefire was agreed upon. Following the ceasefire, negotiations between the US and Iran continued, but a lasting peace deal has yet to be reached, with the US imposing a blockade on Iranian ports and threatening further action. The conflict has had far-reaching economic consequences, with oil prices fluctuating wildly and global markets remaining on edge.