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The U.S. military carried out limited strikes on Qeshm Island on Monday evening, describing them as defensive. Officials said the strikes were in response to Iran firing at a U.S. aircraft and using surface-to-air missiles. Iranian media reported explosions in Qeshm, Hengam and Bandar Abbas, near the Strait of Hormuz. Tehran warned of an “unexpected” military response to any escalation, while U.S. officials said there had been some progress in diplomatic contacts and that a deal might be possible. Oil prices rose following reports of the strikes, amid continuing concern about a renewed confrontation and the strategic importance of the strait, through which around 20 million barrels of oil a day passed before the war.
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