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Israel Strikes Iranian Naval Base in Bandar Abbas's Strategic Southern Port

Summary by Jerusalem Post
Bandar Abbas is a key strategic point on the Strait of Hormuz, as the largest port in the region. It also serves as the headquarters of Iran's naval forces.

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Even though it remained present with the continuation of the conflict in Ukraine and the Gaza Strip, the geopolitical risk rose sharply with Israel's attack on Iran. The impact on the financial markets is currently limited, apart from rising oil prices to over $74 per barrel. The level is still not too disadvantageous for global growth but it will be necessary to remain attentive to the worsening of the conflict in the coming days. A blockage of…

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The reaction of the markets to the conflict in the Middle East has even been contained, but experts are concerned about Iran's ability to block the Ormuz Road, a crucial strategic point for oil transport.

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Bloomberg broke the news in United States on Friday, June 20, 2025.
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