💥 What just happened:

👉 U.S. strikes:
US carried out new strikes on 80+ targets in Iran. Targets included air defenses, command networks, coastal radar, anti-ship missiles, and 60+ IRGC small boats.

👉 Reason:
US Central Command called it a direct response to attacks on commercial vessels in the Strait of Hormuz.

👉 Retaliation: IRGC claims it struck Ali Al-Salem Airbase in Kuwait and the US Fifth Fleet base in Bahrain. Kuwaiti air defenses also responded to missile/drone threats.

👉 Oil pressure: US Treasury revoked the waiver allowing new sales of Iranian oil after July 7. That was a key incentive in the June 17 interim deal.

👉 Diplomacy: Iran's parliament speaker Ghalibaf warned "the era of bullying is over." Both sides are accusing each other of breaking the ceasefire.

💥 Market impact 🟢
Brent oil jumped 3.4% to ∼$77/barrel early Wednesday.

it hit $126 in late April during the US-Israel campaign, then fell back as supplies recovered.

This spike could bring inflation concerns back.


The June 17 interim agreement was supposed to reopen the Strait of Hormuz and lead to a 60-day path to permanent peace.
With 3 commercial ships attacked in the last 24hrs and the oil waiver gone, that deal is now in serious jeopardy.

President Trump approved the strikes while at the NATO summit in Turkey, per US officials.

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What do you think happens next? Does this push us toward a full breakdown of talks or force both sides back to the table?

#Geopolitics #Iran #US #Oil #StraitOfHormuz BreakingNews