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Gulf War Flare-Up: What the Latest U.S.–Iran Strikes Mean for Your Wallet

  The three-month-old war between the U.S.–Israel coalition and Iran escalated again this morning. Here's a plain-English breakdown of what happened — and what it means for your gas tank and grocery bill. What Happened on June 6? U.S. forces struck Iranian coastal radar sites on Saturday, June 6, after shooting down drones launched by Iran toward the Strait of Hormuz, according to the U.S. military. The U.S. military believes the four Iranian drones were targeting regional maritime traffic. U.S. Central Command said it struck Iran's surveillance sites in Goruk and Qeshm Island, both located on the Strait of Hormuz. Iran did not take that lying down: Iran's Revolutionary Guard Corps said it had targeted U.S. bases in Kuwait and Bahrain in retaliation and fired on four tankers attempting to cross the strait without its permission. U.S. forces also helped shoot down incoming Iranian missiles and drones directed at Kuwait and Bahrain — a barrage of seven ballistic missiles in t...
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Europe Pushes Back on U.S.-Russia Summit Over Ukraine Land Talks

 

European Union foreign policy chief Kaja Kallas, centre, talks with Poland's Foreign Minister Radoslaw Sikorski, left, and Luxembourg's Foreign Minister Xavier Bettel, right. Kallas said a sustainable piece for Ukraine and Russia means ‘aggression cannot be rewarded.’                  

    

As tensions mount ahead of the upcoming U.S.-Russia summit in Alaska, European leaders have issued a firm rebuke to suggestions that Washington and Moscow could negotiate land swaps involving Ukraine without Kyiv’s participation. The summit, set for Friday, has sparked alarm across Europe after U.S. President Donald Trump floated the idea of “swapping territories” as part of a potential peace deal with Russian President Vladimir Putin.

European Union foreign policy chief Kaja Kallas emphasized that “all temporarily occupied territories belong to Ukraine” and warned that “aggression cannot be rewarded”. Germany’s Chancellor Friedrich Merz echoed the sentiment, stating that territorial decisions “cannot be made over the heads” of Ukrainians and their European allies.

Ukrainian President Volodymyr Zelenskyy has categorically rejected any proposal that involves ceding land to Russia, calling such ideas “dead decisions” that would undermine peace efforts. Despite mounting pressure, Zelenskyy insists that Ukraine must be at the table for any meaningful negotiations and that a ceasefire should precede any territorial discussions.

European leaders have rallied behind Ukraine, issuing a joint statement that underscores the need for a “just and lasting peace” and reiterates their commitment to Ukraine’s sovereignty. As the summit approaches, the message from Europe is clear: Ukraine’s future cannot be decided without Ukraine.

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