The United States launched airstrikes against Iran's Islamic Revolutionary Guard Corps (IRGC) on Sunday, marking a significant escalation in the ongoing military confrontation across the Persian Gulf.
The strikes were executed in retaliation for the recent killing of American troops in Jordan, signaling a direct response to cross-border hostilities that have intensified regional tensions.
This development follows a rapid deterioration in security conditions over the past week.
Earlier this week, the US military conducted a second wave of strikes targeting Iran’s coastal defenses and missile sites.
Those attacks came within 24 hours of Iran's IRGC announcing new military operations aimed at US infrastructure in the Gulf, creating a cycle of reciprocal force that has left markets on edge.
The immediate concern for traders is the potential impact on global energy supply chains.