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Geopolitics & World Affairs

Israel-Iran Conflict: Iran War Live Updates: U.S. Military Attacks Iran’s Oil Export Hub, Trump Says

By NYT World · 2026-03-14
Israel-Iran Conflict: Iran War Live Updates: U.S. Military Attacks Iran’s Oil Export Hub, Trump Says
Why it matters: U.S. strikes reshape Middle East power balances, risking wider instability and market turmoil.
The U.S. launched precise strikes on Iran’s Kharg Island, hitting missile and mine depots while sparing oil facilities, driving oil prices above 40% since the war began. The attack deepens geopolitical friction, pulling India into a diplomatic bind, offering China a chance to expand its Asian foothold, and giving Russia a sanctions‑pause windfall, while hard‑liners in Tehran gain political capital.

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