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US and Israel rescue pilot from Iran
“A US. Air Force officer who, along with another crew member ejected from a jet shot down in Iran on Friday, was rescued by US forces Sunday morning. Tasnim News Agency, affiliated with Iran's Revolutionary Guard, says at least five people were killed by US and Israeli forces involved in the operation.”
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Israel destroys Iran's steel manufacturing capacity
“Israel is now focusing on targeting Iran's steel and petrochemical industries, which are important for Iran's economy and military. Prime Minister Netanyahu said in a video statement that Israel's military strikes in Iran have destroyed the majority of Iran's capabilities to manufacture steel.”
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Trump threatens Iranian infrastructure via ultimatum
“President Trump has given Iran until tomorrow to reopen the Strait of Hormuz, which carries about one-fifth of the world's oil supply. Or the US will strike Iran's infrastructure. Today, he renewed that threat. In profane language, he said that otherwise Tuesday will be Power Plant Day and Bridge Day.”
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Oil price recovery will take months
“Assuming there's actually a ceasefire and that Iran is interested in respecting it, it's going to be at least a couple of months. Reopening of the straits will be slow because it may have been mined. Also the logistics of getting all the ships that are trapped in out and the ones that are out in will be slow.”
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Damaged energy infrastructure slows oil production restart
“Repair, there's been a lot of damage to infrastructure. We don't know how bad. Takes time to get the crew in. There's also restart. A lot of the oil fields have been damaged in Iraq and in other places. You can't turn them on fast with old infrastructure, or you can damage the fields.”