Iran crisis escalates as US warns of devastating costs

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US Secretary of State Marco Rubio delivered the message to G7 ministers in Paris, according to diplomats cited by Reuters. The confrontation is unfolding alongside reports that Iran faces worsening domestic gas shortages after damage to processing facilities, while Iran has condemned a US reward for information about its nuclear program and threatened US bases in Europe if they are used for attacks. The developments raise the risk of further escalation between Washington and Tehran, with implications for energy markets, regional security and global diplomacy.

Sources: Reuters, Asharq Al-Awsat