- U.S. and Iranian forces traded heavy missile and drone strikes across the Gulf, with attacks hitting military sites and support facilities in several countries.
- Iran says it has closed the vital Strait of Hormuz after firing on commercial vessels, threatening global oil and LNG shipments and pushing energy prices higher.
- The flare-up has effectively ended the recent ceasefire, strained mediation efforts (Qatar/Oman) and raised political stakes ahead of U.S. elections.
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