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Iran-Israel Conflict Escalates, Global Oil Prices Soar

Published 3 weeks ago
Description

Tensions in the Middle East escalate as Iran launches drone strikes on Kuwaiti oil refinery, causing a fire and driving global oil prices to record highs. Israel retaliates with strikes in Tehran during Persian New Year celebrations. Gulf leaders warn Iran to back off energy targets, as casualties mount and air defenses activate across the region. Fears of a worldwide energy crunch grow as Irans grip on the Strait of Hormuz tightens, and the UAE busts a Hezbollah-linked network plotting financial sabotage.

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