Iran Warns of Response if US Resumes Military Strikes
Iran warned of strikes on US bases if military action resumes while the Strait remains shut. Oil prices fluctuated as Washington weighs fresh military strikes.
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Iran warned the United States of strikes on regional positions if military attacks resume, as Brent Crude Oil prices hit $126. The Strait of Hormuz remains closed for two months, choking 20% of global oil and gas supplies. Energy price volatility and infrastructure damage threaten global economic growth and corporate operations in the Middle East.
