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Global Business News

The Economic Times

Global Business / The Economic Times

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Expansion of US strikes on Iran leads to more retaliation across the Gulf

The United States launched another round of airstrikes on Iran after a US service member was killed in Iraq, while Iran retaliated with attacks on US allies Kuwait and Bahrain, home to the US Navys 5th Fleet. The escalation has raised fears of a wider regional war and disrupted shipping through the Strait of Hormuz, a key route for global energy supplies.

20 Jul 2026 9:21 pm