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Iran-Houthi Escalation Rocks Global Oil Markets | Toronto News
Iran vows relentless retaliation as tensions explode across the Middle East, with Houthi rebels launching attacks on Saudi shipping in the Red Sea and Iran claiming strikes on U.S. assets in Jordan and Kuwait. The U.S. responds with its 12th straight night of airstrikes targeting Iranian infrastructure, escalating a deadly standoff over control of the vital Strait of Hormuz — a chokepoint for one-fifth of global oil. Oil prices surge as markets brace for further disruption, while U.S. officials accuse Iran of manipulating the Houthis, and Tehran counters with a clear “eye for an eye”…
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