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macroJul 29, 2026, 1:28 AM

US Strikes Iran-Backed Groups in Iraq Over Saudi Oil Attack Plot

The US military conducted precision strikes in Iraq against Iran-backed militias planning attacks on American forces and Saudi oil infrastructure.

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US Central Command (CENTCOM) announced it conducted precision strikes in Iraq against Iran-backed groups. According to the statement, the targeted groups were planning attacks on US forces and Saudi oil facilities.

The strikes highlight escalating tensions in the Middle East, which could disrupt oil supply and drive investors toward safe-haven assets. Markets are watching for any further retaliation or impact on crude flows.

Source: FXStreet Forex News