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The Economic Times

Economy / The Economic Times

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Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed

U.S. and Iranian forces exchanged heavy missile and drone assaults across the Gulf region. Iran stated it had again closed the vital Strait of Hormuz, impacting global shipping. The United States military launched retaliatory strikes against Iranian facilities on Sunday. This renewed violence casts further doubt on an interim U.S.-Iranian agreement. The escalating conflict has driven energy prices higher and fueled global inflation.

13 Jul 2026 6:08 am