Iran and Israel commit to ongoing conflict amid market reactions to Trump’s comments

A cargo ship in the Persian Gulf likely came under Iranian attack, with the British Maritime Trade Operations reporting a captain’s account of a splash and a loud bang nearby. This incident follows a warning from President Trump regarding Iranian actions in the Strait of Hormuz. Simultaneously, Iran launched drone strikes against Gulf Arab states, including a deadly attack in Bahrain, and targeted the UAE consulate in Erbil, Iraq. Iran’s foreign minister stated that negotiations with the U.S. are no longer on the agenda, asserting readiness to continue strikes indefinitely.

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