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Oil Prices Plunge 7% Following Iranian Missile Attack on U.S. Al-Udeid Base in Qatar
Iran Launches Missile Strike
Iran’s military announced a precision missile attack on the American air base, stating it was in retaliation for recent U.S. airstrikes on its nuclear facilities.
Qatar Intercepts Missiles and Condemns the Attack
The Qatari Ministry of Defense reported that all incoming missiles were intercepted successfully, with no casualties or damage. The government denounced the strike as a severe breach of its sovereignty.
Doha Reserves the Right to Respond
Qatar affirmed its right to take necessary measures in accordance with international law, emphasizing that its territory should not be used for military escalation.
Global Energy Market Impact
The attack raised alarm over potential disruptions in oil shipments, especially through the Strait of Hormuz, a vital corridor for global energy supply.
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