The U.S. military carried out strikes on 60 targets in the Strait of Hormuz, protecting 18 million barrels of oil, according to a statement from the Press Secretary. This operation comes amid escalating tensions in the region, where a conflict involving the United States, Iran, and Israel has led to a fragile ceasefire. Market movements suggest that investors view these developments as a significant escalation in hostilities. The Strait of Hormuz remains a key strategic point for oil transportation, with both sides deploying various military assets to assert their influence over this crucial chokepoint.
Source: Read the original article
