- The U.S. launched fresh strikes on Iran to keep the Strait of Hormuz open after attacks on cargo ships, and Iran retaliated with missile/drone strikes on Kuwait and Bahrain (both host U.S. bases).
- Strikes hit southern Iranian port cities like Bandar Abbas and Chabahar, causing power outages and at least one reported death; Brent crude ticked up about 1%.
- The exchange has undermined hopes for a lasting deal — President Trump said the interim ceasefire is “over” and both sides are trading threats, raising the risk of wider escalation.
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