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US-Iran Escalation Threatens Global Oil | UK News

US-Iran Escalation Threatens Global Oil | UK News

Published 5 days, 17 hours ago
Description

US airstrikes on Iran’s nuclear site escalate a volatile conflict as Tehran retaliates with strikes on Gulf allies and oil tankers, pushing oil prices past $90 a barrel and crippling shipping in the Strait of Hormuz. Despite diplomatic claims of ongoing talks, the breakdown of last month’s interim deal and rising casualties—including a third US soldier killed in Iraq—signal deepening crisis. With US forces reinforcing regional presence, the world watches as mediators race to avert further escalation.

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