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The United States military conducted its first strikes against Iran in over a month, targeting Iranian rocket launchers and drones on Larak Island near the Strait of Hormuz. The attack resulted in at least two fatalities and prompted Iranian officials to vow retaliation.
Crude oil prices jumped over 2 percent after reports emerged of a U.S. military attack targeting Iran’s Larak island, heightening tensions in the Middle East and disrupting energy supply concerns.
US President Donald Trump delivered a primetime address on the Iran conflict, asserting that US forces are close to achieving their objectives and defending strikes on nuclear sites, while also threatening escalation but suggesting the war's end is near.