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US, Iran Continue To Exchange Fire After Trump Warns Of Major Strikes

By Joji Xavier   ✉  | Published:  | Google News Follow Us  | Join Us
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For the second consecutive day, the US military attacked Iran's military surveillance capabilities, communication systems, and air defense sites in the south, calling them "self-defense strikes."

Iran responded with strikes targeting US military bases in Bahrain, Kuwait and Jordan.

Iran's state media quoted the Islamic Revolutionary Guard Corps as saying that it attacked a US command center in Jordan with ballistic missiles.

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Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.