Dhaka, June 13 -- Raging tensions between Iran and Israel along the global commercial lifeline pose significant threats to business stability, driving up oil prices, increasing shipping costs, and impacting overall production.

Business leaders and economists air such concerns in the wake of latest Israeli air strikes inside nuclear-armed Iran and tit-for-tat counteroffensive, in what is dubbed proxy wars in the oil-and-minerals-rich Middle East.

The ongoing conflicts may affect commodity prices, especially as key global shipping routes face heightened risks.

These observations were made in interviews with The Financial Express on Friday evening after a few Israeli airstrikes inside Iranian territory, targeting nuclear and military infr...