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America's vast economic powers are able to wear down an adversary's economy but are insufficient to topple leaders on their own.
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The move comes as the Iran war continues to choke off traffic through the strategically vital Strait of Hormuz.
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The conflict is reshaping travel patterns, energy dependencies, living costs, trade routes and diplomatic alliances.
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Oil prices moved higher on Wednesday as markets continue to watch developments in the U.S.-Iran war.
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Officials say Mojtaba Khamenei's legs were hurt, but the circumstances as well as the extent of his injuries were unclear. He has remained out of view since being announced as leader three days ago.
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The group of nations welcomes the idea of releasing oil in response to the surge in prices since the US-Israel war with Iran began
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Sources tell the BBC that pupils had to hide under their desks as the incident unfolded.
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Attacks and counterattacks continued throughout the Middle East Wednesday. Two cargo ships were struck in the Gulf, as some lawmakers in Washington pressed for answers on the war's rationale.
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Ukraine said the attack struck a key electronics plant, highlighting how it remains capable of hitting high-value targets inside Russia.
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Outdated targeting data may have resulted in a mistaken missile strike, according to the ongoing military investigation, which undercuts President Trump's assertion that Iran could be to blame.
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Three vessels were hit on Wednesday, according to a British maritime agency. The Strait of Hormuz is all but closed as war in the Middle East expands.
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The Ukrainian president said it was a "good feeling" when allies asked for help countering drones.
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Trump's agenda for the high-stakes meeting remains unclear to Beijing, Chinese analysts say, while American executives say they haven't been invited along.
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The public will help choose which animals and birds will appear on the Bank of England's new notes.
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Iran says it will "set fire" to ships trying to sail through the world's most vital oil transit point.
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A majority of Senate Democrats called on Secretary of Defense Pete Hegseth to disclose whether the U.S. carried out the deadly attack.
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Three IRA bombing victims are seeking a ruling that Adams is personally liable for decisions to plant car bombs in London and Manchester in 1973 and 1996.
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Russia says the attack hit civilians and could not have been carried out without British help.
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Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was up and stocks in Asia rose.
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US President Donald Trump has said Iran are "welcome" to take part in this summer's World Cup despite the countries being at war, according to Fifa president Gianni Infantino.
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Six Palestinians have been killed during attacks by settlers in the West Bank since the start of Israel's war, the UN says.
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Following Tottenham's 5-2 defeat at Atletico Madrid in the Champions League, BBC Sport assesses the options open to the beleaguered club.
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Fuel duty on petrol and diesel is due to rise from September, when a 5p cut is phased out.
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U.S. Treasury yields moved higher on Wednesday as assessed February's inflation report and monitored developments on the US-Iran war front.
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Overall prices cooled in recent months but remain above the Fed's target.
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;Resize=(620)) Bam Adebayo had a night for all time on Tuesday, with a point total second to only Wilt Chamberlain in the NBA record books. Adebayo scored 83 points, setting league marks for free throws made and attempted in a game for the Miami Heat in a 150-129 win over the Washington Wizards.
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Germany and Austria say they are releasing parts of their oil reserves following an International Energy Agency request for its members to release 400 million barrels to help temper energy price spikes due to the Iran war
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Strong winds are likely across many parts of the UK on Thursday before turning colder with some wintry showers at the end of the week, as Simon King explains.
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The station's low level platforms, which serve the Argyle line north of the River Clyde, have been reopened after a full site assessment
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Trump's Iran war will affect more than just gas prices.
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Partula snails all but vanished from Polynesia after the arrival of a carnivorous foreign snail. But a global alliance of zoos has worked to bring them back.
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The incidents mark the latest in a string of reported attacks in or near to the Strait of Hormuz, where shipping traffic has virtually ground to a halt.
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Bam Adebayo had a night for all time on Tuesday, with a point total second to only Wilt Chamberlain in the NBA record books.
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The Pentagon released new video Tuesday showing the U.S. unleashing massive air attacks on Iranian targets.
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In domestic and foreign policy, the British right's vulnerability is its America-worship
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President Donald Trump announced "major combat operations" against Iran on Feb. 28.
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The shooting occurred on the 6200 block of Park Heights Avenue, according to police.
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Iranian airstrikes have shaken Persian Gulf countries, undermining their reputations as havens of wealth and stability and forcing them to take sides in a war they opposed.
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The Duke and Duchess of Sussex are returning to Australia in April, their first visit since 2018.
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The effects of the war are being felt through the Persian Gulf.
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Through his lawyers, Alberto Carvalho, who was put on leave after the F.B.I. raided his home and office, said that his actions were appropriate but that he would respect the investigative process.
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A huge fire destroyed a neighbouring building but Network Rail staff believe the station has not been seriously damaged.
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Pakistan, Iran's neighbor, has been striving to remain neutral in the conflict. But its government and military have been forced to act to protect its economy.
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Asian shares have rebounded from their sharp declines a day before
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Iran appears to be targeting what it views as American vulnerabilities, including air defenses meant to guard troops and assets in the region.
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Defense Secretary Pete Hegseth says Tuesday marks the most intense U.S. bombing yet in the Iran war. The 11 days of fighting have spooked oil markets, and the Strait of Hormuz is effectively closed.
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The attack on Iran has led to a surge in energy prices at a moment when the cost of living is a major issue heading into the fall elections.
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President Donald Trump's looming meeting with China's Xi Jinping will face new tensions after U.S.-Israeli strikes on Iran that killed its China-friendly supreme leader.
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