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Global Business News

The Economic Times

Global Business / The Economic Times

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US strikes Iran again as Tehran warns of 'existential war' with America

The United States struck Iran's coastal defenses and missile sites on Wednesday. This action followed the reimposition of a naval blockade on Iranian ports. Iran threatened further regional energy export disruptions, calling it an existential war. Military operations are preventing ships from transiting the vital Strait of Hormuz. Analysts suggest a full-scale war is less likely despite intensified hostilities.

16 Jul 2026 6:41 am