A US missile has struck Iran's Larak island, marking a significant escalation in the ongoing military conflict over the Strait of Hormuz.
The attack targets one of the key strategic islands controlling access to the narrow waterway, which handles roughly a fifth of the world's oil supply.
This development follows a series of strikes on Iranian and Kuwaiti targets reported earlier in the week, signaling that hostilities are intensifying rather than de-escalating.
This development follows a series of strikes on Iranian and Kuwaiti targets reported earlier in the week, signaling that hostilities are intensifying rather than de-escalating.
The strike on Larak island directly threatens the security of commercial shipping lanes.
With the waterway already under pressure from previous military actions, any further disruption to tanker traffic could trigger an immediate repricing of energy risk.
Markets had recently begun to unwind the geopolitical premium as US-Iran talks appeared to ease supply fears, but this latest military action reverses that sentiment.