Iran warns of decisive retaliation after US targets drone launchers and intercepts attack drones near key shipping lanes.
US forces struck an Iranian military site near Bandar Abbas and intercepted four attack drones targeting a US Navy vessel and a commercial ship. A fifth drone launcher was destroyed before firing. The strikes follow Iran’s ballistic missile and drone attacks on Kuwait, marking the most severe escalation since the ceasefire began.
Iran denied US claims, stating its navy fired warning shots at a radar-less US tanker in the Strait of Hormuz. Tehran reported no casualties or damage from the US strike but retaliated by targeting a US air base. Tensions have risen after recent US strikes on Iranian missile sites and boats attempting to place mines.
Markets shifted to risk-off as geopolitical risks intensified. Negotiations between the US and Iran show no progress, with both sides maintaining hardened positions.