US military says US forces intercepted Iranian attacks and responded with self-defence strikes on Iranian military facilities; Iranian attacks were unprovoked but no US assets were hit; do not seek escalation

Context

The US military's response to Iranian attacks, described as unprovoked, suggests rising tensions in the region, but the emphasis on self-defense and a desire to avoid escalation may provide a temporary degree of stability. This backdrop can impact oil prices, risk sentiment in global markets, and may influence haven assets depending on how the situation unfolds.

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