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Global Business News

The Economic Times

Global Business / The Economic Times

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War returns to West Asia, oil seesaws as Hormuz bleeds

The United States launched a third round of strikes on Iran. Iran retaliated by attacking US military bases in Jordan and Bahrain. Two Emirati oil tankers were struck by Iranian cruise missiles in the Strait of Hormuz. Oil prices pared gains after President Trump announced new trade deals. Global markets saw mixed reactions as attacks continued in the region.

15 Jul 2026 5:30 am