The United States has launched military strikes against targets in Iran, marking a sharp escalation in regional hostilities.
The action follows a drone attack on a cargo ship near the Strait of Hormuz, which President Donald Trump characterized as a violation of the existing ceasefire between Washington and Tehran.
Iran has rejected the accusation, framing the incident as part of ceasefire management rather than an act of aggression.
The strikes represent a significant deterioration in the security environment around one of the world’s most critical energy chokepoints.
With commercial vessels under fire, the immediate risk to global shipping and energy flows has intensified.
Market participants are now assessing the potential for broader disruption to oil transit through the strait, which handles a substantial portion of global crude supplies.