A recent series of attacks and counter-attacks is keeping the Middle East on the brink of a regional war. Israel is engaged in a "multi-front war", Yoav Galant, Israel's Defense minister said, hinting at military operations across the Middle East. NDTV's Parmeshwar Bawa is in conversation with Qamar Agha amid widespread fear in the West that this war would spark a full-fledged regional war between US-Israel and half a dozen Arab-Iranian forces. Can the Israel-Hamas war have a huge impact on oil prices, and give a severe jolt to the global economy?