ConflictCriticalConfirmedAccelerating
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Oil prices spike following direct U.S.-Iran kinetic exchange in Strait of Hormuz
OilPrice.com·US · IR · JO·about 10 hours ago
Oil prices rose over 2% following reports of a U.S. strike on Larak Island and subsequent Iranian retaliatory attacks on two U.S. air bases in Jordan. The scale of damage and casualties remains unverified, marking a significant escalation in direct kinetic engagement between the two nations.
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