Iran war live: US, Saudi forces attack Tehran-aligned groups in Iraq

Core Impact Points

• The US claims all projectiles were intercepted, but the incident marks a significant escalation in tensions between the two nations.
• Iran's warning of 'any action' to maintain control of the Strait of Hormuz has implications for global oil markets, as the waterway is a critical chokepoint for oil exports.
• The incident comes as the US and Israel continue to engage in a war of words with Iran, with the US accusing Iran of supporting militant groups in the region.
• The US has imposed sanctions on Iran in response to its nuclear program, which has led to a significant decline in Iran's economy.
• The Strait of Hormuz is a critical waterway for global oil trade, with over 20% of the world's oil exports passing through it.
• The incident has raised concerns about the potential for a wider conflict in the region, which could have significant implications for global oil markets and the US economy.