Brent crude oil prices skyrocket as U.S.-Israel conflict with Iran escalates, causing global energy market turmoil. Iranian attacks on commercial ships and Iraqs port of Basra, along with Israeli strikes on Iranian nuclear sites, have resulted in a heavy toll. The U.S. has spent over eleven billion dollars and lost seven soldiers, while eight remain severely injured. The U.S. plans to release millions of barrels from its reserves to alleviate fuel price increases, with Defense Secretary Pete Hegseth warning of intensifying airstrikes inside Iran.
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