The United States and Iran have exchanged fire in the Strait of Hormuz, a critical global shipping corridor, with each side accusing the other of initiating the attack.
The incident marks a sharp escalation in tensions and has reignited fears of renewed hostilities in the region.
U.S. Central Command denied claims from Iranian state media that a U.S. warship was struck by missiles.
The exchange of fire has raised concerns about the stability of the four-week-old ceasefire and the potential for further disruption to maritime trade and energy flows.
The Strait of Hormuz is a vital route for global oil shipments, and any prolonged instability in the area could have significant implications for energy markets.
The incident has already triggered heightened volatility in oil prices, with Brent crude showing signs of upward movement as traders assess the risk of further escalation., with both sides likely to issue further statements in the coming hours.
Market participants are closely watching for any developments that could signal a broader conflict or renewed diplomatic efforts to de-escalate the situation.