US thwarts an Iranian missile attack and launches strikes with Saudi Arabia against militias in Iraq - AP News

Core Impact Points

• The US and Saudi forces conducted strikes on Iranian proxies in Iraq, targeting groups aligned with Tehran.
• The strikes were a response to an Iranian missile attack that was thwarted by US defense systems.
• The escalation of tensions in the region has implications for global oil markets and US consumer prices.
• The US has been increasing its military presence in the Middle East in recent months, amid rising tensions with Iran.
• The strikes have been widely condemned by Iran, with the country's foreign minister calling them a 'clear example of aggression'.