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The Economic Times

Global Business / The Economic Times

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US fire on Iran tankers sparks reprisals as deal hangs in balance

Iran doubts US sincerity in diplomacy following recent naval clashes in the Gulf. Tehran has not yet responded to Washington's latest peace proposal. US fighter jets fired on Iranian tankers, leading to Iranian retaliation. An oil slick has appeared off Iran's Kharg Island. Meanwhile, a ceasefire in Lebanon is also strained.

9 May 2026 3:59 pm