Israel launched a new wave of strikes on Tehran yesterday and Iran responded with more missile barrages, a day after the killing of Supreme Leader Ali Khamenei pitched the Middle East and the global economy into deepening uncertainty.
US and Israeli strikes – and Iranian retaliation – sent shockwaves worldwide through sectors from shipping to air travel to oil, amid warnings of rising energy costs and disruption to business in the Gulf, a strategic waterway and global trade hub.
The US has hit more than 1,000 Iranian targets since the start of the campaign, US Central Command said.
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