Iran continues to target shipping and launch attacks on Bahrain and Kuwait, defying a recently agreed diplomatic roadmap aimed at ending the conflict within 60 days.
The latest escalation highlights the persistent military advantages Iran holds in the Gulf region, complicating efforts to secure the Strait of Hormuz for global trade.
The ongoing violence undermines the joint statement from mediators Qatar and Pakistan, which outlined a comprehensive plan to conclude hostilities.
Despite commitments to establish direct communication lines and keep the strait open, Iranian forces have maintained their offensive posture, targeting both commercial vessels and regional allies of the United States.
This development reinforces the view that the diplomatic breakthrough has not translated into immediate operational de-escalation.
Markets remain exposed to shipping disruption risks, with tanker routes and energy flows through the chokepoint still vulnerable to sudden closures or attacks.