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The Economic Times
The Economic Times

Explosions are heard near a US base in northern Iraq as US-Iran fighting escalates

IRBIL, Iraq - A series of explosions sounded near a military base hosting U.S. forces in northern Iraq and sirens rang out in Bahrain on Friday, hours after the American military said it finished its 13th night of strikes against Iran.

The conflict has flared again over the past week, as the U.S. has pounded Iran while Tehran has attacked ships in the Strait of Hormuz and targeted U.S. assets and allies in the region. The strait, which is a crucial passage for the world's energy supplies, is at the center of the latest fighting since Iranian attacks can effectively shut the waterway, sending fuel prices soaring worldwide and causing widespread economic turmoil. The Iranian-allied Houthi rebels added further pressure this week by targeting two Saudi tankers in the Red Sea, making good on a threat to cut off an alternative route for the region's oil.

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