The US launched strikes on over 80 Iranian military targets and reimposed sanctions on oil sales amid escalating tensions, with Iran vowing retaliation and key Gulf states on high alert. Oil prices surged 5% as security concerns rise near the Strait of Hormuz.

The US-Iran conflict has flared again after attacks on three ships transiting the Strait of Hormuz, including Qatari and Saudi Arabian tankers, prompted the United States to launch what it called “powerful strikes” against Iran.

US launches strikes on Iran after vessel attacks, targeting air defense and port facilities. Iran vows retaliation amid escalating tensions.

US and Iranian military strikes have intensified tensions in the Gulf, placing renewed pressure on an interim peace agreement and driving oil prices higher

Although Trump has at times stepped back from threats he has made against Iran, oil prices surged and stocks fell after his latest comments.

Follow The Hindu for live updates as U.S. strikes Iran after attacks on commercial ships in the Strait of Hormuz, escalating West Asia tensions and raising fears of wider regional conflict.

President Trump criticized Iranian leaders at the NATO summit in Turkey.

Iranian TV reports explosions on strategic Kharg Island after the U.S. military announced new strikes, the latest threat to peace talks.

Bitcoin tumbled as renewed geopolitical tensions rattled digital asset markets, eclipsing what had been a muted reaction to Strategy Inc.’s latest sale of the token earlier in the week.

The International Monetary Fund said stronger AI-related investment and a more resilient global economy helped offset the impact of the Iran war, though inflation and geopolitical risks remain elevated.