Iran has reportedly struck hostile targets near the Strait of Hormuz amid the ongoing 2026 conflict involving the United States and Iran, with both countries exchanging military strikes in the region. The Strait of Hormuz, a critical maritime chokepoint, remains a high-impact zone where any military activity poses significant risks to commercial shipping and global energy supply. Market activity suggests that participants view Iran’s strike as consistent with scenarios where U.S. military action could increase, potentially leading to an invasion. Key actors to watch include President Donald Trump and Defense Secretary Pete Hegseth for any changes in U.S. military posture.
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