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US, Iran Exchange Major Strikes in Gulf — SkimNews

By NYT World · Summarized & edited by · 2026-07-13
US, Iran Exchange Major Strikes in Gulf

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Why it matters: The U.S. strike on 80+ targets and Iran’s retaliatory drone attacks break the June 17 MoU ceasefire, ending a brief de-escalation. With oil transactions set to halt by July 17 and global prices already rising, renewed conflict risks immediate economic and security fallout in the Gulf.

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