- The U.S. and Iran are trading strikes — the U.S. bombed Iranian radar and drone sites after Tehran shot down an American drone, and Iran has launched missiles toward U.S. forces — even as both sides negotiate a ceasefire.
- Iran’s chokehold on the Strait of Hormuz has slashed ship traffic and is driving up fuel prices and concerns about fertilizer and food supplies.
- Fighting between Israel and Hezbollah is flaring and threatening the broader ceasefire; President Trump says he helped mediate a temporary de‑escalation.
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