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New US Strike on Iran Sends Oil Prices Soaring as Middle East Tensions Escalate

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Global oil prices climbed sharply on Thursday following reports of a new United States military strike on Iran, raising fresh concerns over stability in the Middle East and possible disruptions to global energy supplies.

Brent crude rose significantly in early trading, while West Texas Intermediate also recorded gains as investors reacted to renewed hostilities and uncertainty around the fragile ceasefire in the region.

ALSO READ: Renewed US-Iran Tensions Drag Oil Price Northwards

According to reports, the latest US action included targeted strikes on Iranian positions following a series of drone and maritime incidents in and around the Strait of Hormuz.

The US military described its operations as “measured and defensive,” aimed at preventing further escalation and protecting strategic interests in the region.

The developments triggered immediate reactions across global financial markets, with Asian stocks mostly declining amid fears that prolonged conflict could disrupt oil shipments through the Strait of Hormuz — a critical route for nearly a fifth of global crude supply.

Market analysts warn that sustained instability could push energy prices even higher, fueling inflationary pressures worldwide and potentially forcing central banks to maintain tighter monetary policies.

In Asia, major indices recorded losses, while tech-driven gains in select markets were overshadowed by broader investor caution. Safe-haven assets strengthened slightly as traders moved away from riskier positions.

Economists say the situation remains highly volatile, with conflicting signals from Washington and Tehran adding to uncertainty.

Any further escalation, they caution, could send oil prices even higher and deepen global economic pressure.

For now, investors are closely watching diplomatic developments and military activity in the region, as the world braces for possible further shocks to energy markets.

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DOJ Confirms Federal Criminal Investigation After Agents Raid Ilhan Omar’s Home

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Federal agents raided the Washington, D.C., home of Democratic Congresswoman Ilhan Omar early Monday morning as part of an ongoing federal criminal investigation, the United States Department of Justice (DOJ) has confirmed.

Homeland Security Investigations agents arrived at the Minnesota congresswoman’s residence at about 6:00 a.m. Eastern Time, according to a report by Fox News.

SEE MORE: Trump Sparks Outrage With Shock Proposal to Rename New Mexico

The report said both the Department of Homeland Security (DHS) and the DOJ are involved in the investigation.

A DOJ spokesperson confirmed the operation, stating: “Today in the Washington, D.C. area, Homeland Security Investigations executed a judicially authorized search warrant secured by the Department of Justice.”

The spokesperson added: “This enforcement action is part of an ongoing federal criminal investigation.”

 

 

Details later……….

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Bangkok Underwater: Nearly 4,900 Evacuated as Floods Hit Thailand Capital

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Heavy rains have triggered severe flooding across parts of Bangkok, Thailand, forcing nearly 4,900 residents to evacuate to shelters as floodwaters swept through roads and residential areas.

The flooding has disrupted movement across parts of the Thai capital, with motorists and pedestrians forced to navigate submerged roads and seek alternative routes.

SEE ALSO: NAFDAC Warns Nigerians As Fake Cowbell Milk Floods Market

According to the Bangkok Metropolitan Administration, about 52,000 households have been affected by the flooding, prompting authorities to declare a flood disaster and intensify emergency response efforts.

Emergency teams have been deployed to assist affected communities and move residents from vulnerable areas to safer locations as water levels rise.

Bangkok is accustomed to seasonal heavy rainfall, but intense downpours can overwhelm drainage systems, particularly in low-lying areas, resulting in widespread flooding and disruption.

Authorities are continuing to monitor affected locations while coordinating evacuations and other emergency measures.

For thousands of residents, the immediate priority remains securing safe shelter and protecting homes and livelihoods as authorities work to manage the situation and restore normal activities once the floodwaters recede.

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‘They Are Dying’ — Trump Explains Why He Rejected Iran’s Hormuz Proposal

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US President Donald Trump has explained his decision to reject Iran’s latest proposal to reopen the Strait of Hormuz, saying Tehran was seeking an agreement because it was losing revenue.

Speaking to reporters at the White House, Trump said Iran wanted to immediately reopen the strategically important waterway but argued that the proposal was not acceptable to his administration.

“They want to make a deal, and I think that’s fine. I like making a deal, too, but that deal would not be acceptable,” Trump said.

SEE ALSO: How the Strait of Hormuz Attack Could Trigger a Fresh Global Oil Shock

According to the US president, Iran’s push to reopen the strait was driven by the economic pressure it was facing.

“What they want to do is immediately open the Hormuz Strait. Do you know why? Because they are dying,” Trump said.

“You know why they’re dying? Because they have no money coming in, because they get their money from the Hormuz Strait.”

Trump also claimed that the US had established an unprecedented naval blockade against Iran, describing it as “a wall of steel.”

“So they outsmarted themselves. We put up the greatest blockade ever in military history. It’s a wall of steel,” he said.

“And guess what? They don’t have any money now because they wanted to close the strait.”

The Strait of Hormuz is a major global energy shipping route, and disruption to traffic through the waterway has significant implications for international oil markets and countries that depend on energy imports.

Trump’s remarks came amid continued tensions between Washington and Tehran over the reopening of the strategic waterway and negotiations involving Iran.

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