U.S. and Iran Exchange New Strikes as Hormuz Tensions Rise
CENTCOM said the latest strikes aim to deter attacks on civilian mariners as crude oil prices rose 3.77% and global markets turned cautious.
- CENTCOM launched strikes against Iran on Sunday to degrade the Islamic Revolutionary Guard Corps' ability to attack commercial vessels in the Strait of Hormuz following an attack on a container ship.
- This marks the fourth strike this week amid maritime security tensions; although Iranian media claimed the Strait of Hormuz is closed, CENTCOM and President Donald Trump disputed the assertion, confirming the waterway remains open to lawful traffic.
- Global markets turned cautious after the strikes, fueling a 3.77% rally in WTI crude oil to $74.10 per barrel, while Brent crude climbed 3.60% to $78.75 per barrel as investors assessed regional escalation risks.
- Iran retaliated with strikes targeting military facilities in Jordan, Kuwait, Bahrain, and Oman, according to state news agency Tasnim, following reports that nine ships passed through the Strait of Hormuz on Saturday.
- Secretary-General Guterres urged both countries to resume diplomacy, warning that full-scale hostilities would have "catastrophic consequences." "These attacks must all stop," Guterres wrote on X, citing risks to global security and the economy.
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