AP Wire
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Israeli Defense Minister Israel Katz said Monday that Israel attacked the South Pars petrochemical plant at Asaluyeh in Iran. According to Iranian state media, the head of intelligence for Iran’s paramilitary Revolutionary Guard, Maj. Gen. Majid Khademi, was killed. Israel claimed the killing Monday. Meanwhile, Israel and the United States carried out a wave of attacks on Iran on Monday, killing more than 25 people. Iran responded with missile fire on Israel and its Gulf Arab neighbors. And U.S. President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz loomed. Trump gave Tehran a deadline that expires Monday night Washington time, saying if no deal was reached to reopen the strait, the U.S. would hit Iran’s power plants and other infrastructure targets.

Israel has attacked a major petrochemical plant in Iran's South Pars natural gas field and killed a top Revolutionary Guard commander while vowing to hunt down more top officials. The attacks raise questions about a new ceasefire proposal for the U.S. and Iran. Mediators from Egypt, Pakistan, and Turkey have proposed a 45-day pause and the reopening of the Strait of Hormuz. Iran and the U.S. have not responded. Meanwhile, oil prices have surged. U.S. President Donald Trump's deadline for Tehran to reopen the strait is set for Monday night Washington time.

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Trading on Wall Street was subdued and oil prices retreated modestly as Israel and the United States carried out a wave of attacks that killed 25 people in Iran ahead of U.S. President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz. Futures for the S&P 500 ticked up 0.1% early Monday, while futures for the Dow Jones Industrial Average fell 0.2%. Nasdaq futures gained 0.3%. Iran’s South Pars natural gas field was among the targets hit. Despite the new attacks, threats and Trump’s looming deadline, oil prices fell early Monday. Benchmark U.S. crude dropped $1.40 to $110.14 a barrel.