Oil rises above $116 a barrel as Iran accuses US of preparing invasion

EVENT SUMMARY

Oil prices surpassed $116 a barrel as Iran accused the US of preparing an invasion, disrupting global energy supplies. This escalation, coupled with Iran's effective closure of the Strait of Hormuz, has led to the world's biggest energy crisis in decades.

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CONFLICT OVERVIEW

Iran

Latest verified updates on Iran’s regional confrontation, U.S.–Israeli strikes, missile retaliation, proxy networks, sanctions, and Strait of Hormuz risks.

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