Iran has targeted United States military installations in the Persian Gulf, striking radar and air defense systems in Bahrain and Kuwait.
The Islamic Revolutionary Guard Corps warned Washington of "more decisive and powerful" attacks to come, marking a sharp escalation in the ongoing conflict.
This development follows ten consecutive days of US airstrikes against Iranian targets, intensifying the military standoff in the region.
Compounding the threat to global energy supplies, reports indicate that two tankers attempting to transit the Strait of Hormuz were hit by explosions.
The incident underscores the persistent danger to commercial shipping in the chokepoint, which remains a critical artery for global oil flows.
The combination of direct military strikes on allied bases and attacks on maritime traffic significantly raises the stakes for international trade routes.
Markets are reacting to the heightened geopolitical risk, with oil prices holding firm on the back of supply disruption fears.
The risk premium embedded in crude benchmarks reflects investor anxiety over potential closures or severe disruptions to Hormuz transit.