The US military carried out strikes on Iran's Larak Island in the Strait of Hormuz on Wednesday, intensifying hostilities in one of the world's most critical energy transit routes.
The operation follows a warning from President Donald Trump that the conflict is far from over, underscoring the persistent geopolitical risk to global supply chains.
5 billion, a figure that highlights the growing economic burden of the military campaign.
President Trump stated that the war has already cost Washington $37.5 billion, a figure that highlights the growing economic burden of the military campaign.
This escalation comes as diplomatic channels between Washington and Tehran remain strained, with no immediate ceasefire in sight.
The strike on Larak Island, which sits directly within the Strait of Hormuz, raises immediate concerns for maritime security.
The strait handles roughly a fifth of global oil consumption, and any disruption to tanker traffic could trigger sharp repricing in energy markets.