Reports indicate US fighter jets retaliated against IRGC boats following an attack on a vessel near the critical oil chokepoint.
Unverified social media reports state that Iran’s Islamic Revolutionary Guard Corps (IRGC) targeted a vessel in the Strait of Hormuz, prompting US fighter jets to strike IRGC naval boats in response. Explosions were reported in Iranian coastal cities, including Bandar Abbas, Sirik, and Jask, near the strategic waterway.
The Strait of Hormuz is a vital route for global oil shipments, with roughly 20% of the world’s crude passing through daily. Prior tensions in the region have historically triggered volatility in oil prices and broader market risk sentiment.
Bitcoin surged toward $80K amid speculation of de-escalation, while oil futures fluctuated as traders assessed the potential for supply disruptions.