Iran and the United States have intensified their military confrontation in the Persian Gulf, with both sides launching fresh strikes on Friday.
Iranian forces targeted American military installations in neighboring Gulf states, while U.S. forces struck Iranian military sites.
The exchange marks the 13th consecutive night of hostilities, signaling a deepening conflict with no immediate signs of de-escalation.
The escalation heightens risks for maritime traffic through the Strait of Hormuz, a critical chokepoint for global oil supplies.
With diplomacy appearing to stall, markets are pricing in sustained geopolitical risk.
Energy traders are monitoring shipping routes closely as the threat to commercial vessels and infrastructure grows.