US Launches Strikes Against Iranian Targets Near Strait of Hormuz, Oil Prices Spike

• US military struck Iranian targets near Strait of Hormuz on Tuesday.
• Retaliation for shipping attacks and alleged sea mine attempts.
• Oil prices spiked following the news.

The United States military launched strikes against Iranian targets around the Strait of Hormuz on Tuesday, with operations commencing at noon ET, according to statements from U.S. Central Command (CENTCOM) and President Donald Trump on Truth Social. The actions were described as retaliation for recent attacks on commercial shipping and oil tankers in the critical waterway, as well as alleged attempts by Iran to place sea mines. President Trump also claimed Iran had launched missiles at a U.S. base in Jordan, which were reportedly intercepted. Following the news, oil prices experienced a significant spike, reflecting heightened geopolitical tensions in the region.