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After several days of a lull in the direct conflict, a flare up in tensions left investors concerned about the continued flow of energy from the region.
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At least 20 fighters of the Popular Mobilization Forces, an umbrella group of Iraqi militias with ties to Iran, were killed in a wave of U.S. and Saudi airstrikes.
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Iran launched a barrage of missiles at American forces in the Middle East early Wednesday as the U.S. partnered with Saudi Arabia to strike Tehran-backed militias in neighbouring Iraq, killing at least 20 fighters.
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