US-Iran conflict expands as oil shipping through Hormuz slows

United States forces struck an oil tanker near Iran's Kharg Island terminal. Iran responded by launching missiles at United States military bases in Kuwait and Jordan. This military escalation has further weakened a fragile memorandum of understanding between the two nations. Commercial shipping through the Strait of Hormuz has slowed significantly amid ongoing threats. Energy markets remain on edge as supply disruption concerns persist.

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