The U.S. military has carried out strikes against targets near Hormuz Island and Jask, including Iranian oil tankers, according to senior U.S. officials cited by Fox News. The strikes are part of a broader strategy aimed at economically constraining Iran by targeting its crude-export capabilities. This development marks an escalation in ongoing U.S.-Iran tensions focused on control of the strategic Strait of Hormuz and Iran’s maritime capabilities. Market pricing now assigns a 14.5% probability to a U.S. invasion of Iran by the end of 2026.
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