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1 revisions for "Missiles Over the Strait: Iran's Latest Strikes, the $24 Billion Asset Fight, and the Global Oil Supply at Stake"

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Anonymous6 days ago

On June 6, 2026, Iran launched missiles and drones toward the Strait of Hormuz and Gulf state targets, prompting U.S. intercepts and renewed debate over seizing $24 billion in frozen Iranian assets to compensate damaged Gulf allies. The strikes — the latest in a conflict that began in February 2026 — threaten the world's most critical oil chokepoint, through which roughly 20 million barrels per day normally transit, and have driven WTI crude above $95 per barrel while war-risk insurance premiums have surged 4,000-fold.

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