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Israel and Iran have reignited hostilities after a two-month ceasefire, sending shockwaves through the region and global markets as energy prices soar and everyday costs climb. Iran pauses attacks but issues a chilling warning: any further Israeli strikes — especially in southern Lebanon — will provoke a far more devastating response. Israel retaliates by targeting Iranian military sites, while Houthi rebels in Yemen, Iran’s allies, launch fresh attacks on Israel and threaten Red Sea shipping lanes, adding another dangerous layer. Behind the scenes, Egypt, Saudi Arabia, Turkey, Pakistan, and Qatar are urging the U.S. to pressure both sides to de-escalate before this fragile peace collapses entirely. With each side claiming targeted strikes and the region teetering on the brink, the world watches nervously as a potential full-scale war looms.
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