According to the International Monetary Fund (IMF), a 10% rise in the dollar on the currency market would push down real gross domestic product (GDP) in emerging economies by 1.9% after one year, with adverse economic effects lasting more than two years

As the US government and its allies mull new sanctions on Iran after Tehran's missile and drone attack on Israel, we look at whether existing sanctions have been effective at stemming the flow of Iranian oil to global markets.

The Iranian attack was largely repelled and as such is a "dramatic failure", Barak said. As a result, he believes "there is no need and no will to go into full-scale war" with Iran.

In the early hours of Sunday morning, Iran fired hundreds of missiles and drones at Israel in an unprecedented strike launched directly from Iranian territory. Almost all of the drones, rockets and cruise missiles launched by Iran were intercepted by Israeli air defenses with the help of the US, UK, and several Arab countries.

The Croatian city of Vukovar, on the banks of the Danube, has a painful past. Located on the border with Serbia, it was the scene of the first major battle in the 1990s Balkan wars. Four years before the genocide in Srebrenica and eight years before the war in Kosovo, Vukovar was the first city in the former Yugoslavia to suffer ethnic cleansing, in 1991. More than 30 years later, reconciliation between local Serbs and Croats is hindered by impunity for war crimes and the inability to agree on a common version of events.

Iranian state media have reported loud explosions in the sky near the central city of Isfahan. Tehran says say its air defense systems were activated at a nearby military base and a nuclear facility.