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Story summary
- The Islamic Revolutionary Guard Corps (IRGC) warned of counterstrikes on Gulf energy facilities after Israeli strikes on Iran's South Pars gas field.
- The move signals a shift in U.S. and Israeli policy, which had previously spared Iran's oil sector.
- Oil prices rose to nearly $110 per barrel amid supply fears.
- Iranian drone and missile strikes have hit major energy sites, while Iran exports crude through the Strait of Hormuz.
