- Iran says it will shift to a "fully offensive" military posture after talks stalled and warns it could conduct precise strikes to break a U.S. naval blockade.
- A dispute over control of the Strait of Hormuz derailed a June ceasefire, keeping oil prices elevated and raising the prospect of higher fuel costs globally.
- Houthi missile attacks in the Bab el-Mandeb and sharp U.S. rhetoric (including threats against Oman) fuel fears the fighting could spread across the region.
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