US launches fresh strikes on Iran around Strait of Hormuz
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DUBAI/WASHINGTON — The U.S. launched new air strikes on Iranian targets on Tuesday, quashing hopes that an exchange of fire last weekend might not presage a wider renewal of hostilities. Oil prices had already risen after that first exchange of direct attacks since July and after reports of two tankers being hit leaving the Strait, the global oil supply…
- Why it matters
- The strikes follow an earlier exchange last weekend and occur amid damage to tankers in the Strait, a critical global oil chokepoint, raising the risk of further escalation and supply disruptions.
- Most affected
- Oil importers and consumers — Exposed to higher energy costs as supply route tensions persist.
Shipping companies operating in the Strait of Hormuz — Face increased risk to vessels and cargo in an active conflict zone. - Likely next
- Whether Iran retaliates following the new strikes, or whether the US conducts additional operations.