US and Iran exchange fresh wave of strikes as ceasefire appears close to collapse
President Donald Trump has threatened to seize Iranian oil infrastructure following a series of retaliatory military strikes between the US and Iran. Iran has responded by closing the Strait of Hormuz to all vessels and claiming successful drone strikes against US military bases in Kuwait and Bahrain.
Why it matters
The escalation threatens global energy security and risks a major regional conflict that could disrupt international oil supply chains.
The United States will hit Iran “very hard tonight” and will soon take control of the Middle Eastern country’s oil and gas infrastructure and markets, US president Donald Trump said on Thursday.
The article reports on official statements and military actions from both sides without adopting a partisan narrative.
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