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Oil prices to spike up again, EU and UK urge Israel to curb surge of violence against palestinians

Iran has warned the global community to prepare for oil prices to potentially reach $200 a barrel following recent military actions, including attacks on merchant ships in the Gulf. This escalation comes amidst a considerable buildup of U.S. military forces in the region and intensified U.S.-Israeli airstrikes on Iran, which have reportedly increased tensions significantly. Iranian officials claim responsibility for multiple attacks on vessels that disobeyed orders, resulting in casualties and damage to various ships. As the conflict continues, both U.S. and Iranian leadership have signaled no immediate end to hostilities, raising concerns about long-term economic impacts and regional stability.

US-Israeli air campaign widens, gas prices surge

The US-Israeli air campaign against Iran has widened, with Israel striking Lebanon after Hezbollah launched missiles and drones in support of Tehran. President Donald Trump warned a “big wave” of further attacks was imminent, as fighting disrupted Gulf shipping and air travel. In a major escalation, Kuwait mistakenly shot down three US F-15E jets during an Iranian assault, though all crew survived. Israel has targeted Hezbollah positions in Beirut, while Iran continues missile and drone strikes on Gulf states. Oil shipments through the Strait of Hormuz have also been severely disrupted. European gas prices surged by up to 45% after