The US and Iran clashed again overnight, with Kuwait and Bahrain caught in the crossfire of the most serious flare-up since a ceasefire went into effect in early April.
The strikes follow days of rising tension, including over Israeli operations against Tehran-backed Hezbollah militants in Lebanon, that threaten to derail US-Iran talks about an interim peace deal. The sides have agreed on a rough framework to extend their truce by two months and reopen the Strait of Hormuz, though negotiations over the final details are dragging on.
WATCH: The US and Iran clashed again overnight, with Kuwait and Bahrain caught in the crossfire of the most serious flare-up since a ceasefire went into effect in early April. Source: Bloomberg
A renewed advance in oil
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