U.S., Iran exchange strikes dampening hopes for imminent peace deal
AI Summary
The U.S. and Iran engaged in reciprocal air strikes near Bandar Abbas, increasing oil prices amid tension in the Strait of Hormuz. This military exchange dampened prospects for a peace deal, despite U.S. President Trump's public downplaying of imminent reopening negotiations for the strategic waterway.
The U.S. and Iran reportedly traded air strikes on Thursday, sending oil prices higher just hours after President Donald Trump downplayed expectations that a deal to reopen the Strait of Hormuz was close. The U.S. military struck targets near the Iranian city of Bandar Abbas earlier in the day, drawing retaliatory measures from Iran’s Islamic ...