The US and Israel launched strikes on Iran, raising risks to global oil supplies. Iran produces 3.3 million barrels daily and controls access to the Strait of Hormuz, a key oil route. Companies have paused shipments, heightening fears of disruption and rising crude prices. The United States and Israel on Saturday (local time) launched strikes in a joint operation targeting Iran's military and naval forces. US President Donald Trump's decision to target Tehran has raised new risks for a major portion of the world's oil ... [3833 chars]
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