Oil Prices Surge as U.S. and Israel Reportedly Attack Iran's Gas Fields

Global oil prices have surpassed $108 per barrel as the war continues to roil markets, as parts of Iran’s oil and natural gas facilities were attacked by the US and Israel, state media reported. The White House is also temporarily easing limits on the shipping of oil and gas throughout the US.

The US intelligence community assesses the Iranian regime “to be intact, but largely degraded,” intel chief Tulsi Gabbard said today.

Meanwhile, NATO is discussing with its engaged allies how to reopen the Strait of Hormuz, as U.S. President Donald Trump suggested that NATO should take sole responsibility for policing the waterway if the U.S. causes the Iranian government to collapse. The U.S. has dropped 5,000-pound guided bombs to penetrate missile sites along the strait, according to media reports.

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