🇮🇷💥🇺🇸 Iran could make US economy SCREAM if Hormuz Strait was shut down in response to Israeli aggression

Crude prices jumped by double digits in the wake of Israel’s massive surprise attack on Iran, but that’s nothing compared to the oil shock that would hit Western economies if the strait accounting for a quarter of the world’s oil needs was closed.

In a note published Thursday on the eve of Israel’s attack, JPMorgan warned oil prices could nearly double to $130 a barrel if the 21 million barrels in crude flowing through the Hormoz Strait dried up.

💬 “That would spell trouble for consumers – American ones, in particular,” FT says, pointing out that low oil prices are the only thing propping up the US economy against a new inflationary surge.

Not to mention the fact that Trump has made cheap energy a key plank of his economic platform. If tensions lead to the Strait’s closure, the US would slip into a full-blown recession, and Trump’s dreams of an industrial renaissance would collapse like a house of cards.

Global stocks fell sharply Friday in response to events, with gold, a traditional hedge in times of crisis, on route to topping its all-time high record of $3,500 per ounce.

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📹 Air defense systems are active in Tel Aviv following reports of the start of Iran’s missile retaliation

A fire has broken out near the headquarters of the Ministry of Defense in Tel Aviv, Israel's Channel 13 reports.

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🚨 Iran is carrying out Operation True Promise 3 - IRGC

Iran is striking “dozens of targets” in Israel, including military centers and air bases, according to the IRGC

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🚨 Around 5–7 Iranian missiles have landed on Israeli territory, Israeli media reports say

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🚨 Iran confirms the destruction of two Israeli F-16 jets and several drones – statement

The pilot of one of these warplanes, who is a woman, has been captured, Tasnim news agency reports.

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🚨 The Israeli army issued permission to leave shelters but recommended remaining near them.

The IDF also asked the population not to share the locations of the strikes or film the consequences.

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💥 NETANYAHU URGES IRANIANS TO REVOLT

The Israeli Prime Minister says that Israel is clearing the path for the Iranian population to achieve "freedom" by conducting Operation Rising Lion.

"The time has come for you to unite around your flag and your stark legacy by standing up for your freedom from an evil and oppressive regime," he said.

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🚨 Israeli strikes are a DECLARATION OF WAR — Iran at the UN

"Israeli officials say that this aggression aims to wreck nuclear talks. This confession alone is enough to reveal the real motive behind the attack: to kill diplomacy," said Iran's representative at the UN.

He also emphasized the United States' complicity in the Israeli strikes.

"We will not forget that our people lost their lives as a result of Israeli attacks with American weapons," he stressed.

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🚨 The IRGC says that Iran will soon launch Kheibar ballistic missiles, according to the Tehran Times.

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🚨 New Iranian strikes reported in Tel Aviv.

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🚨 More Iranian missiles are falling, and the Israeli Iron Dome just can't handle it.

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🚨 Multiple explosions heard near Tehran's Mehrabad Airport, according to local media reports.

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