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Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil

Global markets are reeling after Iran struck 85 U.S. military sites in the Gulf, triggering oil price spikes and a stock selloff.

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4210Jul 8 19:29Jul 8 21:29 UTC

The brief

Iran has launched strikes against 85 U.S. military sites located in the Gulf. In response to hostilities, U.S. attacks on southern parts of Iran have resulted in the deaths of eight Iranian army members.

Coverage from Fortune, Yahoo Finance, Reuters, and The Times of Israel emphasizes the immediate economic impact, noting a global selloff in stocks and a 7% jump in oil prices as the U.S.-Iran truce fails. Further developments involve the status of the collapsed truce and the continuing military engagement between the two nations in the Gulf and southern Iran.

Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated just now.

Quick answers

How many U.S. sites were targeted?

Iran struck 85 U.S. military sites in the Gulf.

What was the impact on oil prices?

According to Yahoo Finance, oil prices jumped 7%.

What were the casualties in Iran?

Reuters and The Times of Israel report that eight Iranian army members were killed in U.S. attacks on southern parts of Iran.

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