US and Iran Exchange Major Strikes
US and Iranian forces engaged in their largest exchange of fire since July. U.S. strikes hit southern Iran while Tehran targeted regional bases. Markets and oil prices reacted to the renewed conflict.
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The United States launched airstrikes targeting Iran's southern coast, prompting retaliatory fire against regional bases in the largest military escalation since July. Asian and European equities tumbled following the strikes, which pushed Brent Crude Oil prices higher. The renewed hostilities have rattled regional energy corridors and heightened fears of a full-scale regional war.
