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After the U.S. and Iran traded strikes for the first time in a month, President Trump
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is now threatening to hit Iran hard. In an interview with Fox News Monday, Trump vowed there would be a response after Iran
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retaliated for U.S. strikes with an attack on American forces in Jordan
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But when asked whether the U.S. was heading back to full-scale war, Trump said the response
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doesn't need to be that extensive. Israel, look, they're a failed nation. Yeah, they're a failed nation. They've got 350% inflation. They have no currency. They're not paying their soldiers. Their leaders are largely dead. Their Navy is gone. Their air force is gone. Their surveillance equipment is almost entirely gone. That doesn't mean we won't smack them. We'll see what happens
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Meanwhile, new trouble in the Strait of Hormuz. Two crude oil tankers were struck by projectiles
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Monday night while traveling through southern shipping lanes the Trump administration has
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touted as open and safe. According to the Greece-based maritime risk organization Marisks
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a South Korean-owned tanker was hit just minutes after a Saudi-flagged vessel
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And the renewed tensions are pushing oil prices higher for a second straight day
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Both major benchmarks were up more than 2% this morning, with Brent crude above $92 a barrel and West Texas Intermediate around $88
