Global economic impact of the Iran-US conflict
Story essentials
Iran, US, Israel
Middle East, Global
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U.S. and Iran Exchange Missile Strikes Amid Escalating Conflict
The U.S. and Iran exchanged missile barrages, further dimming hopes for a resolution to the five-month conflict. U.S. strikes targeted Revolutionary Guard facilities, while Iranian strikes hit a Chinese building in Kuwait. Casualties were reported on both sides, and regional trade routes are under threat.