Iranβs military command warned Wednesday that the world should brace for oil prices to hit $200 a barrel as three more ships were attacked in the blockaded Gulf and Tehran fired on Israel and other targets across the Middle East.
The strikes signaled that Iran can still fight back and disrupt energy supplies despite what the Pentagon calls the most intense U.S.-Israeli strikes so far.
Oil prices that shot up earlier this week β have eased and stock markets have rebounded, with investors betting for now that U.S. President Donald Trump will find a quick way to end the war he began alongside Israel nearly two weeks ago.
But so far, there has been no let-up on the ground, or any sign that ships can safely sail βthrough the Strait of Hormuz, where a fifth of the world's oil has been blockaded behind a narrow channel
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