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The past 48 hours have seen a significant escalation in geopolitical tensions among Iran, Israel, and the United States, driven by U.S. airstrikes on Iranian nuclear facilities. These actions follow Israeli strikes on June 13, 2025, targeting Iran’s nuclear and military infrastructure, prompting Iranian retaliatory missile and drone attacks on Israeli cities. This report synthesizes news from June 21-23, 2025, to outline recent developments, their immediate impacts on oil prices, stock markets, and cryptocurrencies, and the potential long-term risks to global markets and stability.

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