U.S. Airstrikes on Iran Escalate This Week as Tehran Activates Air Defense Systems

According to China Yuan Futures research published on July 24, the U.S. military conducted consecutive airstrikes on Iran this week, prompting Tehran to activate air defense systems. Iran's military responded by deploying unmanned drones to strike American forces stationed in Kuwait. The escalating tensions between the U.S. and Iran are raising geopolitical risk premiums in crude oil markets.
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