Live Updates: Houthis threaten U.S. with “swift and painful” response if it joins Saudi Arabia’s strikes on Iran-backed group

The foreign ministers of the U.S., the U.K., Australia, Canada and 23 other countries, many in Europe, have released a joint statement condemning hostile activities by Iran on foreign soil. The statement came on the heels of British Prime Minister Andy Burnham saying a recent security incident at England’s RAF Fairford air base, which was…

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Iran War Updates: Oil back near  a barrel as U.S. insists Strait of Hormuz is open despite attacks on ships

Iran War Updates: Oil back near $95 a barrel as U.S. insists Strait of Hormuz is open despite attacks on ships

Oil prices jumped around 4% Wednesday, with international benchmark Brent Crude trading briefly over $95 a barrel – a $20 rise since the U.S. and Iran resumed fighting on July 7. Shippers remain reluctant to transit the Strait of Hormuz, despite U.S. Central Command insisting again Tuesday night that it “remains open.” Iran has continued…

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