U.S.-Iran tensions escalate as Trump threatens military action

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The developments mark a sharp escalation in the U.S.-Iran crisis, with potential consequences for regional security, global energy markets and maritime trade. Trump said negotiations had made progress but paired that message with a threat of extreme military action; Iran, meanwhile, conveyed conditions for reopening the Strait of Hormuz, a major oil-shipping route. Russia and Saudi Arabia have called for safe navigation through the Strait of Hormuz and the Bab el-Mandeb Strait, while markets have reacted to changing expectations about energy flows and the risk of wider conflict.

Sources: Reuters, The New York Times, The Standard, Euronews