Drone Clash Sparks Chaos: US Bombards Iran as Strait of Hormuz Explodes into Violence

The expiration of a 60-day US-Iran ceasefire instantly gave way to open conflict following a high-stakes clash in the volatile Strait of Hormuz. A US Apache helicopter went down after colliding with an Iranian drone. While Washington insists the chopper was shot down, Tehran initially denied the cl…

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As the Strait Chokes, Asia Bleeds: The Massive Toll of a Distant Oil Crisis

The price of oil surged by 3% to 5% mid-week as a military stand-off between the United States and Iran led to a fresh flare-up despite an existing temporary ceasefire. Prices for the main benchmarks, West Texas Intermediate and Brent, had been on a downward trajectory since the previous week.  This…

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