US Strikes Larak; Iran Attacks Jordan and UAE

Global oil markets surged as renewed U.S.-Iran hostilities raised fears of disrupted supply routes, with Brent near $91 a barrel and WTI around $86. Ahead of the market reaction, U.S. forces targeted two Iranian rocket launchers on Larak Island to prevent potential mine-laying into the Strait of Hormuz, while Iran said it would respond and carried out attacks on U.S. bases in Jordan and the UAE in what it framed as self-defense. The strikes prompted retaliatory actions across the region, including interceptions of missiles and drones by Jordan and the UAE, and statements from Tehran vowing further responses if attacked. The exchanges escalated amid broader tensions, with the United States signaling further economic pressure and sanctions, and Iran asserting defense of its interests in the Straits and its aviation and naval assets. Reports from various outlets also noted casualties linked to the Larak operations, though details varied and official channels urged reliance on verified information. The situation underscored the risk of a wider conflict that could jeopardize energy shipments through the Strait of Hormuz and drew attention to the potential for further sanctions and military responses from both sides.