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Defense Secretary Hegseth cites 500 million barrels of oil smuggled via Gulf of Oman during Iran conflict
USNI News·US · IR · OM·about 14 hours ago
The US House of Representatives narrowly approved a 912 billion kroner ($85 billion) defense budget package explicitly earmarked for conflict operations against Iran. The legislation faces significant hurdles in the Senate, reflecting deep partisan divisions over the scope and necessity of the funding.
The US-Iran conflict is escalating with sustained US airstrikes against Iranian targets and a Houthi-declared maritime embargo against Saudi Arabia in the Red Sea. Oil prices are surging due to heightened regional instability and threats to shipping. The alleged US missile strike at the Shalamcheh border crossing, if confirmed, would represent a significant escalation.