Kathmandu, June 23 -- dependent and import-heavy economy may face a new series of shocks-particularly in the areas of labour market and inflation-due to escalating tensions in West Asia following Iran's attack on Israel.

Reports say Israel came under heavy missile fire on Sunday, as Iran vowed to defend itself after what it described as unprecedented US airstrikes that, according to former President Donald Trump, had "obliterated" key Iranian nuclear facilities.

Flight tracking service Flightradar24 showed that many airlines avoided large swathes of Middle Eastern airspace following the US strikes. Air traffic had already been rerouted in recent weeks due to rising military activity in the region.

Trump has warned Tehran of further dev...