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Iran targets sites in Bahrain, Kuwait after wave of US strikes

  • Iran's Revolutionary Guards say they struck U.S. military sites in Bahrain and Kuwait and shot down a U.S. MQ-9 drone after U.S. strikes.
  • The U.S. hit Iranian military targets and revoked a licence allowing Iran to sell oil — a decision that pushed oil prices up ~3%.
  • The exchanges have broken a fragile ceasefire and stalled talks, raising concerns of wider escalation around the Strait of Hormuz.
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