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Oil jumps nearly 4% as Iran vows continued combat, Hormuz risk resurfaces
La RepúblicaLO·US · IR·about 18 hours ago
Iran has threatened to expand the conflict to the Indian Ocean if the US attacks again, triggering risk-off sentiment in European markets. Stockholm's exchange fell while oil prices rose, reflecting supply disruption fears. The threat is unverified rhetoric but escalates regional tension and market sensitivity.
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The US has confirmed sanctions on all Iranian airlines, threatening secondary penalties on foreign entities providing fuel or services. This has led to confirmed flight suspensions by Iraq, Georgia, Azerbaijan, and Oman, significantly grounding Iranian aviation. Iran has responded with unconfirmed threats to disrupt neighboring airports and expand any conflict with the US to the Indian Ocean.