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US launches new strikes on Iran, revokes oil sale permission after Strait of Hormuz attacks

The U.S. military attacked Iran early Wednesday after Tehran struck three ships in the Strait of Hormuz. Washington also revoked Iran's ability to openly sell crude oil on the world market. International oil prices pushed past $100 a barrel as the conflict escalated, with President Trump threatening further retaliation. The Houthis in Yemen also attacked two Saudi oil tankers in the Red Sea, expanding the conflict's reach.