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President Trump Vows Retribution Against Iran Following Heavy Wave of U.S. Military Strikes

The administration announced a heavy wave of strikes against Iran in retaliation for a surprise missile attack on U.S. forces in the Middle East. President Trump stated that the U.S. would hit Iran "very hard" because it is now the U.S. turn to retaliate. The strikes targeted dozens of Islamic Revolutionary Guard Corps targets, including military command centers, and were heard in southern Iran, including the port city of Bandar Abbas and Qeshm Island. Simultaneously, the U.S. military partnered with Saudi Arabia to conduct joint strikes against Iran-backed militias in Iraq. These operations targeted terrorist logistics and weapons sites, resulting in at least 20 fighters from the Popular Mobilization Forces allegedly killed by the U.S.-Saudi forces. The conflict is expanding as drone strikes ignited fires on two natural gas vessels at Egypt's Damietta Port, marking the first time Egyptian infrastructure was targeted. Amidst the escalating tensions, the Federal Reserve kept interest rates unchanged, while oil prices fluctuated as the global flow of oil remains pressured by the Iranian blockade of the Strait of Hormuz.

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