Israel's continued brutal assault on the Gaza Strip, and the spillover of the conflict in the region have raised the alarm across the world. After Iran launched major missile attacks on Israel on Oct 1 in response to the killings of Hamas political leader Ismail Haniyeh and Hezbollah chief Hassan Nasrallah by Israeli missiles, observers feared that Israel's possible retaliatory attacks on Iran's energy facilities would send the global oil market in a tizzy and impact the global economy.