The U.S. and Iran have agreed to a two‑week cease‑fire, but tensions remain high as Iran continues launching drones and missiles across the Gulf. The Strait of Hormuz remains effectively closed, disrupting tanker traffic and fueling global market volatility. Israel has intensified operations against Hezbollah in Lebanon, while Iran threatens a “heavy response” and President Trump warns of a 50% tariff on any nation supplying weapons to Tehran.
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