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Why the Latest US Strikes on Iran Are Rattling Global Markets

Ashik Bothra - Mumbai Bureau Jul 16, 2026 1,450 Views
Why the Latest US Strikes on Iran Are Rattling Global Markets
The US launches new wave of strikes against Iran following the collapse of the Islamabad Memorandum. Deployed by CENTCOM, precision strikes targeted cruise-missile sites and coastal defenses on Greater Tunb Island. The renewed fighting has triggered immediate energy market shocks, sending Brent crude prices upward amid an enforced naval blockade.

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