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The U.S. revoked Iran oil sales authorization earlier in the day.
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The US says the strikes are intended to impose "heavy costs", while Iran warns it will "take decisive measures" in response.
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The strikes by Iran and the attacks and re-imposition of sanctions by the U.S. came weeks after the countries agreed to try to find a lasting end to their hostilities.
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Oil prices rose on Wednesday after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.
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The military operation came hours after the U.S. Treasury revoked a waiver allowing global sales of Iranian oil.
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Also, U.S. forces carry out strikes in Iran. Here's the latest at the end of Tuesday.
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The U.S. military launched a series of strikes against Iranian targets early Wednesday after three merchant ships were struck in the waters off Oman.
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