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Iran launches new attacks targeting Israel and Gulf countries as it seeks to ramp up pressure on US

DUBAI, United Arab Emirates (AP) — Iran launched new attacks on Tuesday at Israel and Gulf Arab countries as it kept up pressure on the Middle East in a war started by Israel and the United States that has sent oil prices surging and stunned global economies.

Sirens warned of incoming missiles in the futuristic business hub of Dubai, and in Bahrain, authorities said an Iranian attack hit a residential building in the capital, killing a 29-year-old woman and wounding eight others. Saudi Arabia said it destroyed two drones over its oil-rich eastern region and Kuwait's National... Read More

Calm returns to Wall Street as oil prices retreat below $90 per barrel

Trading steadied early Tuesday and crude prices eased after wild swings this week with investors trying to figure out how long the war with Iran will continue.

Futures for the Dow Jones Industrial Average rose 0.2% before the opening bell, while S&P 500 futures inched up 0.1%. Futures for the Nasdaq were up 0.2%.

On Monday, markets swung from big losses to finish the day with gains, while oil prices neared $120 per barrel before falling back to about $90. Oil prices inched down further early Tuesday.

Helping to assuage investors’ fears, U.S. President... Read More

War with Iran delivers another shock to the global economy

WASHINGTON (AP) — The war with Iran is doing collateral damage to the world economy.

The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating options for the inflation fighters at central banks like the Federal Reserve.

Causing much of the pain: the Strait of Hormuz — through which a fifth of world’s oil passes — was effectively shut down after the U.S. and Israel launched missile strikes Feb. 28 that killed Iranian leader Ayatollah Ali Khamenei. Read More

Russia and Ukraine both claim front-line progress with US-brokered talks on hold

KYIV, Ukraine (AP) — Russian and Ukrainian officials are making contradictory claims of battlefield successes in their 4-year-old war, with Ukraine saying it has pushed Moscow’s forces back in some places on the front line but the Kremlin insisting that Russia’s invasion of its neighbor is making progress.

At the same time, Russia’s almost daily aerial attacks on civilian areas of Ukraine continue, with overnight drone strikes on two cities injuring at least 14 people, including two children, emergency services said Tuesday.

Ukraine’s air force said that it... Read More

North Korean leader's sister criticizes US-South Korea for proceeding with joint drills

SEOUL, South Korea (AP) — The powerful sister of North Korean leader Kim Jong Un on Tuesday criticized the United States and South Korea for proceeding with their annual joint military exercises at a perilous moment for global security, and warned that any challenge to the North’s safety would bring “terrible consequences.”

The statement by Kim Yo Jong came a day after the allies started their 11-day Freedom Shield exercise involving thousands of troops, while Washington participates in an escalating war in the Middle East.

Without directly referring to the Iran... Read More

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Iran launches new attacks targeting Israel and Gulf countries as it seeks to ramp up pressure on US

Calm returns to Wall Street as oil prices retreat below $90 per barrel

War with Iran delivers another shock to the global economy

Russia and Ukraine both claim front-line progress with US-brokered talks on hold

North Korean leader's sister criticizes US-South Korea for proceeding with joint drills

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