The United States has launched air strikes against targets in Iran, coinciding with reports that Iranian forces have targeted commercial tankers with cruise missiles.
The simultaneous escalation marks a sharp deterioration in the security environment around the Strait of Hormuz, one of the world’s most critical energy chokepoints.
Multiple wire services, including the Financial Times and CNBC, are reporting the dual developments.
The strikes represent a significant escalation from previous diplomatic posturing, while the targeting of commercial vessels introduces direct physical risk to global oil supply chains.
This development follows a second consecutive day of US military activity in the region, as diplomatic efforts to de-escalate the crisis have stalled.
For market participants, the direct targeting of tankers raises immediate concerns about freight insurance costs, route diversions, and potential supply disruptions.