The U.S. military concluded a seventh consecutive night of strikes against Iran, targeting military logistics and maritime capabilities. This escalation comes as the fragile truce established last month shows signs of breaking down, with Iran's Revolutionary Guard Corps claiming to have blocked vessels attempting to navigate under U.S. protection in the Strait of Hormuz.
The situation has led to disruptions in commercial shipping, with Kuwait reporting attacks on its infrastructure and Kuwait Airways rescheduling flights due to 'hostile missile and drone attacks.' Oil prices reacted sharply, with Brent crude rising 4.6% to $88.10 per barrel and West Texas Intermediate gaining 4.5% to $82.49, marking their highest levels since mid-June.
Analysts express concern that the U.S. and Iran may be entering a prolonged conflict, which could have lasting implications for oil markets and regional stability