Oil declines 5% after US halts Iran strikes
Oil prices have declined following an assessment of the impact of the recent American attacks on Iran, after explosions and strikes targeted areas in southern Iran, Siriq, and Qeshm. The Iranian Revolutionary Guard threatened to expand attacks on American bases in the region. These developments come amid escalating military tensions in the area, as the attacks resulted in casualties and injuries, alongside ongoing Israeli violations in the Gaza Strip.
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