Hormuz on edge as Iran-Israel clash squeezes global oil flow
TL;DR Summary
The Iran-Israel conflict deepens with missiles and drone exchanges as the US joins the strikes, sending shipping through the Strait of Hormuz toward a near standstill. Insurers are pulling back and premiums rising, threatening global oil flows while markets remain volatile. The crisis also prompts diplomatic and security steps—from the EU expanding its Aspides naval mission and France sending ships, to the UAE closing its Tehran embassy and Britain weighing evacuation plans—amid mounting casualties and questions about the region’s longer-term stability.
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