The US and Iran trade missile barrages as hopes dim for a quick resolution

The United States and Iran have engaged in a renewed exchange of missile strikes, escalating regional tensions. The conflict has caused casualties in Kuwait and prompted Jordan to intercept missiles, raising concerns about a broader regional war.
Why it matters
The ongoing military escalation threatens global economic stability, fuel prices, and the security of U.S. military assets in the Middle East.
The United States and Iran each fired barrages of missiles Thursday, as the pattern of back-and-forth strikes took hold again and hope dimmed for any quick resolution.
After a brief respite, the risk of a return to all-out war emerged once more, with the fighting threatening to engulf even more countries: Jordan said Thursday it intercepted Iranian missiles for the second consecutive day, while Kuwait said a strike in the northern part of the country killed one person. Also this week, drones caused fires on ships at an Egyptian port, and Saudi Arabia said it came under fire from Iran-backed militias in Iraq.
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