"Iran sent multiple waves of missiles toward Israel, and Israel bombarded the suburbs of Beirut. President Trump extended a deadline he set for bombing Iran's energy infrastructure, claiming the US and Iran were in talks to end the war he started."
"Tehran publicly denied that any negotiations about terms to end the war were underway, and American officials said the contacts were in a very early stage and not substantive."
"If Trump ends his war soon, he would essentially cede control of the key energy choke point of the Strait of Hormuz to Tehran, according to his former Secretary of Defense Jim Mattis."
"S&P 500 futures and oil futures flashed an unusual burst of activity just before Trump's reprieve announcement yesterday, with oil prices climbing back up this morning."
Iran has sent multiple waves of missiles toward Israel, prompting Israeli bombardments in Beirut. President Trump extended a bombing deadline for Iran's energy infrastructure, claiming ongoing negotiations. Tehran denied any substantive talks, while American officials noted early-stage contacts. Trump's potential end to the war could hand control of the Strait of Hormuz to Iran. Oil prices have surged, with S&P 500 futures showing unusual activity before the announcement. The average US gas price has risen to $3.977, reflecting these developments.
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