Iran-Israel War Escalates, Oil Prices Soar

0:00Iran launched a tax Friday on key targets across the Middle East, hitting a desalination plan and igniting a refinery in Kuwait as the war hits. It's fifth week. American and Israeli airstrikes pounded sites in Iran, including areas around Tehran and Isfahan, while sirens blared in places like Bahrain. Despite U.S. and Israeli claims that Iran's forces are nearly wiped out, Tehran keeps squeezing Israel and Gulf neighbors, especially by choking the strait of Hormuz, where a fifth of global oil flows in normal times. Oil prices have surged over 50 percent to around $109 a barrel for Brent Crude, shaking stock markets and hiking costs for food. And basics worldwide. Casualties mount with over 1900 dead in Iran, mostly near military spots, plus losses in the Gulf, 13 U.S. troops, and heavy tolls, in Israel and Lebanon from related fights. Iran's ex-formed minister, Mohammad Javad Zarif, dropped a peace pitch in a top U.S.

1:00magazine, suggesting nuclear curbs and reopening the strait for. Full sanctions relief, a mix of U.S. and Iranian ideas that hint at talks from Tehran's pragmatic side. World leaders scramble as the U.S. Security Council eyes a Bahrain plan to secure the strait, U.S. Marines deploy, and Trump swings between. Negotiations and escalation threats, leaving the region on edge for what's next. That wraps Canada News today, brought to you with AI. I'm Corey with The Story.