After a pause of nearly a fortnight, the US resumes air raids on Iran in retaliation to Tehran’s targeting of American bases in Jordan with explosions reported in Kish, Bushehr and on Qeshm island.
Washington’s treasury department applies sanctions to Iranian linked maritime insurers and its shadow fleet as part of its economic pressure campaign as inflation surges for basic goods, nearing ninety-percent. A drone strike has hit a US owned floating liquified natural gas platform at an Egyptian port. Joint US-Saudi attacks in Mosul kill twenty fighters of the Popular Mobilisation Forces. The US federal reserve holds interest rates steady as the ongoing conflict bodes for an inflation shock.