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The second wave of U.S. strikes began at 6 a.m. ET on July 16 and lasted 90 minutes. Iran closed the Strait of Hormuz over the weekend, cutting traffic that once carried one-fifth of global oil and LNG shipments.
news.sky.comThe United States launched a second wave of military strikes against Iran on Wednesday, targeting coastal defense systems, cruise missile storage and launch facilities on Greater Tunb Island and a site on Hengam Island. U.S. Central Command said the operation began at 6 a.m.
ET and lasted about 90 minutes. The Pentagon stated that President Donald Trump directed the strikes to hold Iran accountable for threats to shipping in the Strait of Hormuz. Iran closed the Strait of Hormuz over the weekend.
Shipping traffic through the waterway has fallen sharply since the closure. Before the escalation, nearly one-fifth of the world's oil and liquefied natural gas shipments passed through the strait. President Trump said on Tuesday that energy targets would be struck last.
On Wednesday he added that Iranian officials “better behave” and that U.S. officials had urged Tehran to resume talks. ” Iranian government spokesperson Fatemeh Mohajerani said at least 30 civilians had been killed in recent U.S.
Strikes on southern Iran. The United States has accused Iran of attacking seven commercial ships in the past week, leaving nearly a dozen crew members dead, injured or missing. The Islamic Revolutionary Guard Corps claimed attacks on U.S.
Brent crude closed at a one-month high of $84.95 a barrel on Wednesday.
bloombergquint.comThe trade pact eliminated UK tariffs on Indian jewellery. Indian indices fell while US markets rose on bank earnings. TSMC expanded its Arizona investment.
Abc NewsThe central bank lifted its policy rate by 0.25 percentage points on July 15. All seven monetary policy committee members backed the move amid inflation above target and rising household debt.
news.sky.comBritain's visible trade balance recorded a deficit of 18.66 billion pounds in May. The overall trade balance deficit also narrowed from the prior month.