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Will New Strikes Between Iran and the US Prevent a Deal? Here's What We Know
U.S. forces shot down five Iranian drones and struck a launch site as Tehran warned of a more decisive response, officials said.
On Thursday, United States forces shot down Iranian drones near the Strait of Hormuz, prompting Iran to target a United States airbase in Kuwait in the second flare-up this week.
President Donald Trump dismissed reports of a potential framework deal with Iran on Wednesday, stating he is "not satisfied" with current terms and rejecting shared control of the Strait of Hormuz.
The Pentagon described Monday's United States strikes in southern Iran as "defensive," targeting a drone control station near Bandar Abbas; Iran's Revolutionary Guard warned of a "more decisive response."
Oil prices rebounded around 3 per cent on Thursday as hostilities dampened hopes for a peace deal, exposing the fragility of the ceasefire that began in April.
The Treasury Department sanctioned the Persian Gulf Strait Authority, further complicating talks as Iran demands an end to the blockade and lifting of sanctions amid the three-month conflict.