- Mutual strikes have resumed after a fragile ceasefire; Iran warns any attack on its interests will draw a "faster, heavier and more painful" response.
- U.S. sanctions and an oil-export blockade are squeezing Iran’s economy — Tehran says it will push reforms and ramp up measures to blunt the impact.
- Oil-security worries are rising: Kharg Island has reportedly been hit ~550 times, Iran has threatened to disrupt the Strait of Hormuz, and U.S. strikes on tankers have raised risks to global fuel prices.
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