Stocks● Neutral
US Strikes Iran After Tehran Shuts Strait of Hormuz
US forces struck Iranian positions after Tehran shut the Strait of Hormuz, threatening a fifth of global oil flows and pushing crude prices higher.
Continue with
The United States military launched new strikes against Iran after Tehran's Revolutionary Guards closed the Strait of Hormuz. The strait, a chokepoint for roughly a fifth of global oil shipments, was declared shut until further notice following an attack on a commercial vessel.
Iran's move escalates a confrontation that had been building for weeks. The US strikes, which targeted Iranian military positions, are meant to impose a heavy cost for the closure, officials said. The two nations remain divided over control of the waterway, and the latest exchange complicates any near-term path to negotiations.