US moves to tap Iranian assets after strikes hit Kuwait, Bahrain
Why it matters: The step could deepen the US-Iran standoff as ceasefire talks falter and Gulf allies seek compensation for damage.
Bloomberg, The Straits Times
#Qeshm Island
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Iran strike kills 1 at Kuwait airport as US hits Qeshm Island
Why it matters: Oil rose more than 2% as fighting again threatened the Strait of Hormuz, a key route for global energy shipments.