Iran closed the Strait of Hormuz after US airstrikes targeted southern Iran near the critical oil chokepoint.
The US conducted a second night of airstrikes in southern Iran near the Strait of Hormuz, escalating tensions in the region. Iran responded by shutting down the Strait, a key global oil transit route, disrupting energy markets.
Earlier strikes focused on pressuring Iran into negotiations, though no formal talks have been confirmed. Iran denied US claims of direct communication requesting a halt to strikes, deepening uncertainty.
Markets are monitoring the situation as oil supply risks rise amid the ongoing conflict.