DUBAI, United Arab Emirates (AP) — Iran intensified its assaults on oil and pure fuel amenities across the Gulf on Thursday, elevating the stakes in a war that’s sending shock waves by means of vitality markets and the worldwide financial system.
The strikes, in retaliation for an Israeli assault on a key Iranian gas field, despatched gas costs hovering and risked drawing Iran’s Arab neighbors immediately into the battle. International gas provides had been already underneath strain due to Iran’s stranglehold on the Strait of Hormuz, a strategic waterway by means of which a fifth of the world’s oil is transported.
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