IRAN WAR: OIL HITS $112 AMID HORMUZ STALEMATE

More than twenty-one days into a high-stakes regional conflict, the Middle East remains a volatile theater of unprecedented technological warfare and mounting humanitarian loss. Following the February 28, 2026, preemptive strikes by the U.S. and Israel, the war has claimed the lives of 13 U.S. service members and 17 Israeli civilians, while Iranian military deaths are estimated at over 6,000, alongside 1,444 confirmed civilian fatalities. The conflict has seen the deployment of over 500 ballistic missiles and 800 drones, resulting in the loss of three U.S. F-15s and nearly 120 Iranian vessels. Beyond the immediate battlefield, a maritime standoff in the Strait of Hormuz has paralyzed 70% of commercial shipping, driving global oil prices past $112 per barrel.

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