Iran Strikes Saudi Arabia’s Al Jubail Hours Before Trump’s Hormuz Deadline

Iran has reportedly launched strikes on Jubail Industrial City in Saudi Arabia's Eastern Province, using ballistic missiles and drones that caused significant fires. Jubail is a critical hub for Saudi Arabia's petrochemical industry and a major contributor to its non-oil exports. This action occurred just hours before a deadline set by President Trump for the reopening of the Strait of Hormuz. Concurrently, Iran has formally rejected a US peace plan, proposing its own 10-point counter-framework that includes security guarantees against future attacks, a permanent end to the war, Israeli withdrawal from Lebanon, and full US sanctions relief. Iran also offered to reopen Hormuz in exchange for these concessions, with a proposed transit fee split with Oman, to be directed towards reconstruction. An advisor to the Iranian Parliament Speaker stated that Iran has "won the war" and will only accept terms that consolidate its gains, warning that Trump has a limited time to "surrender" or face severe consequences for his allies. The market has reacted to the escalation, with Bitcoin experiencing a dip and Brent crude oil prices rising, while US equity indices showed modest gains. The situation suggests Iran is negotiating from a position of strength as the deadline approaches.

(Source：BeInCrypto)