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While oil prices have recently fallen on news that a peace deal between the U.S. and Iran could come, prices are still significantly higher than before the war.
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President Trump said there would be serious repercussions if Iran and Oman move forward with a deal to open the Strait of Hormuz.
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The Israeli military issued sweeping evacuation warnings for two southern cities, indicating that more airstrikes were imminent.
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The hostilities come during a fragile ceasefire between the US and Iran, and protracted negotiations to end the three-month war.
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A major review examining the causes of rising youth unemployment says getting on the career ladder is now "out of reach" for many.
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