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Oil prices rose on Wednesday after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.
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Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.
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Tensions between the U.S. and its allies heat up at the NATO Summit, while a fresh wave of stikes threatens the ceasefire in Iran.
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The U.S. revoked Iran oil sales authorization earlier in the day.
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The strikes by Iran and the attacks and re-imposition of sanctions by the U.S. came weeks after the countries agreed to try to find a lasting end to their hostilities.
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New videos appear to show the aftermath of U.S. retaliatory strikes in Iran that were launched in response to attacks on commercial ships in the Strait of Hormuz. NBC News' Courtney Kube has more on where the strikes are landing and what this could mean for both the U.S. and Iran.
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The military operation came hours after the U.S. Treasury revoked a waiver allowing global sales of Iranian oil.
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