Strait of Hormuz [NASA photo].

Ceasefire is Over – After President Trump threatened Iran while attending the NATO summit in Ankara, Turkey, Wednesday attacks between the US and Iran quickly picked up to, it appears, new extremes. 

The US hit Iranian missile and drone sites near the Strait of Hormuz Wednesday night, while Iran fired on US military base-hosts Kuwait and Bahrain, a senior US official told The Wall Street Journal. 

US Central Command said attacks on Iran were broader in scope than Tuesday’s strikes and included Iran’s air-defense systems, coastal surveillance assets, naval capabilities and logistics infrastructure, according to the WSJ report. Jordan on Thursday said its air defenses had intercepted eight Iranian missiles.

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Just When You Thought it Was Safe to Go Back to the Pumps – After an 0.6-cent increase Wednesday, reversing several weeks of long, slow gas price relief, the national average for a gallon of unleaded regular jumped another 5 cents Thursday to $3.846, according to AAA. That’s $1.044 higher than on February 27. Diesel is up 3.8 cents Thursday according to AAA, to $4.810, up $1.036 since the beginning of the US-Iran war.