The conflict between the United States and Israel against Iran has escalated as Trump issued a 48-hour ultimatum for Iran to reopen the Strait of Hormuz or face attacks on its power plants. Iran has threatened to strike energy systems in Gulf nations in retaliation. Attacks have intensified across the region, with significant casualties reported in Israel, Iraq, and Lebanon. Global markets are reacting negatively, raising concerns about economic fallout from the ongoing war.
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