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US Conducts Iran Strikes Amid Hormuz Tensions
The U.S. forces continued conducting air strikes against Iran in the Strait of Hormuz, aiming to destroy its ability to attack commercial ships. This was the ninth consecutive night of operations targeting command centers, air defenses, naval capabilities, missile launch sites, and drone bases, all in an effort to reduce Iran's threats to navigation. The wave of mutual attacks between the two sides has escalated, with a third American soldier killed and the American death toll rising to 17 since the beginning of the conflict. Iran announced the death of at least 50 people and injuries to over 500. These escalations have significantly boosted oil prices, with Brent crude contracts increasing by 3% to around $90.7, and Texas Intermediate futures rising by 2.5% to $84.6. Meanwhile, maritime traffic through the Strait of Hormuz has fallen to its lowest level in three weeks, with oil flows continuing at about two-thirds of pre-conflict levels.
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